Net external debt of Kazakhstan down by nearly $150M
Baku, Azerbaijan, July 6
By Nargiz Sadikhova - Trend:
During 1Q2019, external debt of Kazakhstan amounted to $157.6 billion, which is $1.1 billion less than in the beginning of the year, Trend reports with reference to the report published by National Bank of Kazakhstan.
Net external debt of Kazakhstan amounted to $47.1 billion, which is $145.3 million less than in the beginning of the year. In this scheme public and banking sectors are the net creditors, whereas the corporate sector is the net borrower.
The major part (63.9 percent) of the external debt accounts for inter-company debt, the debt of corporate sector before unrelated creditors amounted to 24.8 percent, public external debt is 7.9 percent, whereas external liabilities of the banking sector is 3.4 percent.
The public external debt increased by $102.4 million in the 1Q2019. In turn, external liabilities of the banking sector decreased by $414 million.
External debt of corporate sector before non-affiliated creditors decreased by $555 million. This decrease was partially counterbalanced by increase of market cost of eurobonds of Kazakh issuers (by $510 million).
The inter-company debt decreased by $272.7 million. The external debt of organizations, which are supervised by the government amounted to $21.6 billion, which is a decrease of $1.2 billion during the reporting period.
(1 USD = 384.46 KTZ on July 6)
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