Moldova’s largest creditors are the IMF and the World Bank

After Moldova’s gross external debt increased by about half a billion dollars in the first half of 2023, there was a decrease of about 270 million dollars in the third quarter of this year.

Thus, at the end of September 2023, Moldova’s gross external debt amounted to about 9.76 billion dollars, mold-street.com writes.

The ratio of gross external debt to GDP decreased to 62.4%. According to preliminary data from the NBM, Moldova’s gross external debt increased by 1.8 % in the first nine months of 2023 compared to the end of 2022.

At the same time, at the end of September 2023, the ratio of gross external debt to GDP stood at 62.4 %, which is 3.7 % lower than on December 31, 2022.

FOR THE MOSTĀ IMPORTANT NEWS, FOLLOW US ONĀ TWITTER!

According to the NBM, public external debt accounted for 34.3 percent of total external debt, amounting to approximately $3,347.51 million, an increase of 2.6 percent compared to end-2022.

The largest creditors of the state are the IMF and the World Bank

As of September 30, 2023, the International Monetary Fund is the state’s major creditor with a 32.4 percent share of total public debt ($1085.7 million), followed by the World Bank Group with 30.6 percent or $1,022.88 million.

At the end of September, private external debt stood at $6,416.37 million, up 1.4 percent from December 31, 2022, accounting for 65.7 percent of the country’s total gross external debt.

The largest part of the gross external debt balance is long-term debt – 70.5 % . Its value increased slightly compared to the end of 2022 (+0.7 percent). At the same time, short-term debt increased by 4.4 percent and reached a share of 29.5 percent.

Similar Articles

Calendar

Most Popular