Belarus Will Fork out USD 3 bln in Foreign Debt Settlement in 2013
OREANDA-NEWS. February 1, 2013. Belarus will have to pay USD 3 billion to service the government’s foreign debt liabilities in 2013, Vice Minister of Finance Maksim Yermolovich told a press conference.
“The total amount of debt payments in 2013 will come up to USD 3 billion, including USD 2.3 billion to repay the principle debt and USD 700 million in interest payments,” Yermolovich informed.
The funds for interest payments are earmarked in the state budget, so there is no problem with that, Yermolovich said.
The vice minister informed that the principle debt will be repaid with a USD 1.3 billion installment of the EurAsEC stand-by loan and USD 300 million drawn in proceeds from placing hard-currency bonds on the domestic market.
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