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Gross external debt up by nearly 7% in first half of 2023

Moldova’s gross foreign debt increased by 6.8% compared to the end of 2022. As of June 30, it totaled $10.24 billion. According to preliminary NBM data, the ratio of gross external debt to GDP was 67.2%, 1.1 point higher than at the end of last year.

Public external debt represented 34.9% of the total external debt, amounting to $3.57 billion (+9.5% compared to the end of 2022). Private external debt amounted to $6.67 billion, up by 5.3%.

In the second quarter of this year, Moldova’s deficit of balance of payments decreased by 12.1% compared to the second quarter of last year and totaled $409.69 million. The deficit to GDP ratio was 10.5 percent. The decrement was due to a decrease in the deficit of foreign trade in goods and an increase in the surplus of primary incomes.

Meanwhile, Moldova’s international investment position as of June 30 totaled $6.61 billion (or -43.4% compared to GDP), with the net debit balance deepening by 6.9 % compared to the end of 2022.

The position of external financial assets totaled $7.02 billion, increasing by 8% from the beginning of the year, and liabilities $13.64 billion dollars, increasing by 7.5%. The ratio between external assets and liabilities was 51.5% (+0.2 point compared to December 31, 2022).

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