Moldova Paid USD 78 mn in Foreign Debts in 2011
OREANDA-NEWS. February 03, 2012. Moldova paid 78 million dollars in foreign debts in 2011, performing its foreign obligations at 99.8 per cent, according to the data put out by the Finance Ministry.
Moldova paid 62.3 million dollars in outstanding debts and 15.7 million dollars in other rates. In 2010, the country paid 59.9 million dollars in foreign debts, whereas the figure forecast for 2012 stands at 60.22 million dollars.
About 45.3 million dollars will be directed for the payment of the main sum of the state debt, of which 42.9 million dollars in direct state debts and 2.4 million in foreign states securities. The spending for the foreign state debts services will stand at 14.9 million dollars.
According to the data of the Finance Ministry, the external public debt grew by 26.3 million dollars in 2011, reaching 1.142 billion dollars. The entrances of foreign loans will stand at 77 million dollars in 2012, which accounts for 55 per cent of the figure recorded in 2011. The foreign proceeds are meant, in particular, for financing outsourced projects - 48 million dollars and for supporting the state budget - 29 million dollars.
The externally-financed projects will be backed by the World Bank, The European Investment Bank and the European Bank for Reconstruction and Development. The World Bank will earmark proceeds for supporting the state budget in 2012. The foreign debt's share of the GDP will decrease from 18.3 per cent in 2011 to 15.7 per cent in 2012.