The private sector’s total outstanding external loans dropped by USD 5.4bn to USD 163.6bn in May, compared to the end of 2021, according to the Central Bank.
Short-term loans – excluding trade credits – of the sector received from abroad amounted to USD 8.2bn, up by USD 724m in comparison to the end of 2021.
USD 5.6bn of short-term loans consisted of the liabilities of financial institutions while USD 1.03bn of it was generated by the liabilities of non-financial institutions.
The private sector’s long-term foreign debt fell by USD 6.1bn to USD 155.4bn in the same period.
The sector’s total outstanding loans received from abroad, based on a remaining maturity basis, point to principal repayments of USD 45.8bn for the next 12 months as of the end of May.