According to the National Bank, the total external debt of the Republic of Moldova for six months has confidently crossed the $11 billion mark, of which most of it is private debt – $6.6 billion (58%).
The external public debt is ahead of the private debt in the rate of increase (+11.1% compared to the beginning of the year), amounting to $4.8 bln. If four years ago the external public debt was at the level of 17.9% of GDP, now it is 25.9%. Private debt has grown by 10% since the beginning of the year.
Long-term external debt still occupies the largest share in the total volume of external debt – 74.7%. At the same time, its size has increased by 9%, compared to the end of 2024. Short-term external debt (by original maturity) grew by 15.4% and by the end of the half-year amounted to 25.3% of the total gross external debt.
The NBM notes that the significant decrease in the financing renewal ratio (-165.9 p.p. compared to 31.12.2024) means that the attraction of new borrowings is decreasing, while the servicing of long-term external debt, on the contrary, is increasing.
If the current level of repayments, similar to the second quarter of 2025, is maintained, the repayment period of long-term external borrowings will be about five years, the National Bank calculated.
