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Belarus’ Level Of Indebtedness Threatens Country With Default

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Belarus’ Level Of Indebtedness Threatens Country With Default

How will Lukashenka repay?

The Eurasian Development Bank transferred the next tranche of the loan to Belarus – $ 200 million. The total loan amount is two billion dollars. This money, according to the authorities, is extremely important for the state, Belsat reports.

How big is the amount of debts incurred by Belarus, and, most importantly, how is the country going to repay them?

According to experts, it just so happens that the opacity of the state system, tight regulation of the economy and the dubious use of cash turn to be the negative factors in the country's credit rating, which may not allow refinancing of existing debts in the future. And it threatens with default.

According to experts, in 2019, Belarus will have to repay $ 3.5 billion in connection with the government debt, in 2020 – by 200 million more.

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