...

Kazakhstan’s foreign debt drops

Kazakhstan Materials 11 April 2016 20:10 (UTC +04:00)
Kazakhstan’s foreign debt has dropped by almost $4 billion (2.5 percent) and stood at $153.5 billion by late 2015.
Kazakhstan’s foreign debt drops

Baku, Azerbaijan, Apr. 11

By Elena Kosolapova - Trend:

Kazakhstan's foreign debt has dropped by almost $4 billion (2.5 percent) and stood at $153.5 billion by late 2015, read a message from the country's National Bank.

As much as 7.9 percent or $12.2 billion of the country's foreign debt accounted for the public sector, 5.2 percent ($8 billion) - for the foreign debt of the banking sector, 33.5 percent ($51.5 billion) - for other sectors' debt unrelated to direct investments, 53.3 percent ($81.8 billion) - for inter-company debts of other sectors.

The foreign debt of Kazakhstan's government rose by $4 billion in 2015, while the foreign debt of banks and the total external obligations of other sectors, including the inter-company debt, dropped by $2.1 billion and $5.7 billion, respectively.

Kazakhstan's foreign debt ratio to GDP stood at 83 percent by late 2015.

---

Follow the author on Twitter: @E_Kosolapova

Tags:
Latest

Latest