IMF forecasts Belarus to register record foreign debt in 2010

08:59, April 06, 2010      

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Latest report from the International Monetary Fund (IMF) forecast that the total external debt of Belarus in 2010 would reach the highest level in history to take up some 52 percent of its gross domestic product (GDP).

In 2011, the percentage would slightly decline to 50 percent, while in 2015 further down to 35 percent with the improvement of Belarusian economy, according to the report reaching here.

Statistics showed that last year Belarusian foreign debt surged 45 percent to reach 19.3 billion U.S. dollars, or 45 percent of its total GDP.

Belarusian state foreign debt would also reach its highest level this year to take up 24 percent of the total GDP. Last year, the percentage is 18 percent. By 2015, the stage foreign debt would account for 16 percent of the GDP, said the report.

The annual GDP of 2010 is estimated to grow 2.4 percent to stand at 153.6 trillion Belarusian rubles (around 51.7 billion dollars).

Source: Xinhua


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