Gross external debt on the rise


Moldova’s gross external debt at the end of the second quarter of this year was by 5% higher than at the start of the year, totaling US$7.785,38 million on June 30. This is 66.1% of the Gross Domestic Product, up 4.1 percentage points on December 31, 2019, IPN reports, with reference to provisional data published by the National Bank of Moldova.

The public and publicly guaranteed external debt represented 27.6% of the external debt, totaling US$2.146,98 billion, up 11.9% compared with the start of the year.

The World Bank Group remains the main creditor of the state with a share of 33.7%. This is followed by the International Monterey Fund with 31.4% and the European Investment Bank with 14.4%.

The long-term debt represents the largest part of the gross external debt – 71.5%, totaling US$5.565,54 billion on June 30, 2020, an increase of 5.6% compared with the beginning of the year.

The short-term external debt rose by 3.4% during the first two quarters of the year to US$ 2.219,84 billion on June 30, 2020.