Kazakhstan's external debt down

Finance Materials 2 February 2019 14:33 (UTC +04:00)

Baku, Azerbaijan, Feb. 2

By Rashid Shirinov – Trend:

The gross external debt of Kazakhstan amounted to $161.5 billion in the third quarter of 2018, 4.2 percent down year-on-year, Trend reports referring to Finprom.kz.

In the external debts, the largest share was taken by inter-company debt: 63.7 percent or $102.8 billion, 0.9 percent up year-on-year. This is due to the obligations of Kazakh enterprises to foreign companies.

The external debt of the public sector accounted for 7.1 percent of the total external debts and amounted to $11.4 billion, 0.7 percent less year-on-year.

The banking sector accounted for 3.5 percent of the total external debts, 0.2 percent down year-on-year.

In the reported period, Kazakhstan had the largest debt to the Netherlands: $49 billion, almost 30.3 percent of the total debts to all creditor countries. The UK was the second largest lender with $21.4 billion, 13.3 percent, and the US was third with $12.3 billion, 7.6 percent.


Follow the author on Twitter: @ShirinovRashid