The National Bank of Moldova notes that long-term public external debt of Moldova by 99.5% consists of loans obtained not from intragroup (interstate) creditors, but from external sources unrelated to the state that provides them.
This means that most of the country’s public external debt is formed by borrowing from private foreign investors, international financial organizations (e.g., IMF) or foreign governments that are not part of the same group as the borrowing country.
At the end of the first quarter, public external debt amounted to 41.3% of the total external debt, totaling $4,343.26 million (+33.0% YTD). Short-term public external debt ($2.46 mln) by remaining maturity decreased by 13.6% to $393.78. This means that servicing of external debt for one year or less, including interest on overdue debt, is “ahead of schedule”.
Which is not the case with private external debt. It is worth noting that more than 61.7% of the total short-term debt by remaining maturity are liabilities in the form of commercial loans (machinery, equipment) and advances. Private external debt amounted to $6,173.89 million, having increased by 4.6% over the year.
