OREANDA-NEWS. February 13, 2012. Belarus’ state foreign debt went up 11.8% on the month in December 2011 to U.S. USD 13.4 billion as of January 1, 2012 by the International Monetary Fund’s Special Data Dissemination Standards.

In January-December 2011, the foreign debt rose 38.3%.

Belarus’ external debt grew after the country replenished its gold and FX reserves with a USD 800 million loan from the EurAsEC Financial Bailout Fund, took out loans from China and the International Bank for Reconstruction and Development to finance investment projects in power engineering and construction materials industry.

The government’s long-term debt accounted for 88% of the total foreign debt in December 2011 (95.1% in November 2011), the government’s short-term debt for 0% (no change), and foreign loans to companies’ against the government’s security for 12% (4.9%).

In 2010, the foreign debt increased 22.8% to USD 9.687 billion.

Belarus’ main creditors are the IMF, Russia, Venezuela, Germany, the U.S. and the International Bank for Reconstruction and Development.