Over the year, Kazakhstan’s foreign debt decreased by 5.4% and amounted to $157.6 billion as of April 1, 2019. According to the National Bank, inter-company debt still accounts for the most part at $100.8 billion. However, compared to On April 1 of last year, it decreased by 3.5% from $104.5 billion due to repayment of loans from foreign sister organisations by large mining and transport companies.
External liabilities of banks at the beginning of April this year amounted to $5.33 billion, which is 10.1% less than in April last year. This was due to the partial early repayment of the Eurobonds of Halyk Bank for $200 million, and loans of the Development Bank of Kazakhstan from financial institutions of China.
The National Bank reduced the debt most of all, by 50.7% from $1.9 billion to almost $939 million. Other sectors reduced their debt by 9.5% from $43 billion to $39 billion.
In turn, the state administration bodies, on the contrary, increased their obligations by 3.1%.
Overall, foreign debt for the year decreased by 5.4% from $166.6 billion to $157.6 billion.
By Milana Beynoyeva for LS (Kazakhstan).
