Moldova’s gross external debt increased by 9.1% compared to the end of 2022 to US$10.465.65 billion on December 31, 2023. The ratio of the gross external debt to the GDP was 63.3%, by 2.8 percentage points lower than on December 31, 2022, IPN reports, with reference to preliminary data presented by the National Bank of Moldova.

The public external debt accounted for 36.5% of the total external debt, totaling US$3.820.52 million (+17.1% compared to the end of 2022). The private external debt amounted to US$6,645.13 million, increasing by 5% compared to December 31, 2022

The long-term debt accounted for 71% of the external debt balance. Its value increased by 8.8% compared to the end of 2022. The short-term external debt increased by 9.9% by December 31, 2023, representing 29% of the total.

“The analysis of the main external debt indicators shows a constant quality of advantageous external financing expressed indirectly through the concerned quarterly average interest rate on the external debt in the form of loans and SDR allocations,” said the central bank.

According to the situation at the end of last year, the International Monetary Fund was the main creditor of the state with a share of 30.8% of the total public debt ($ 1178.10 million). The IMF was followed by the World Bank Group with 28%. The state’s debt to the International Development Association was US$808.07 million, to the International Bank for Reconstruction and Development – US$261.06 million, while to the European Investment Bank – US$449.9 million (11.8% of the total public debt).