The external public debt of Moldova rose in 2011
Moldova paid $78 million in foreign debts last year, performing its foreign obligations at 99.8%, according to the data put out by the Finance Ministry, informs MOLDPRES news agency.
According to the source, Moldova paid 62.3 million US dollars in outstanding debts and 15.7 million dollars in other rates. In 2010, the country paid 59.9 million dollars in foreign debts, whereas the figure forecast for 2012 stands at 60.22 million dollars.
The external public debt had increased by $26,3 million during last year, approaching the sum of $1.142 billion. Notwithstanding, the foreign loans which will enter the country will stand at $77 million dollars in 2012.
“The externally-financed projects will be backed by the World Bank, The European Investment Bank and the European Bank for Reconstruction and Development. The World Bank will earmark proceeds for supporting the state budget in 2012. The foreign debt's share of the GDP will decrease from 18.3 per cent in 2011 to 15.7 per cent in 2012,” informs MOLDPRES.
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