The total external debt of Moldova in the first quarter of 2023 increased by $388.39 million (+4.1%), amounting to $9 billion 846.19 million at the end of March.
Such preliminary data of the country's total debt was published by the National Bank of Moldova in the Balance of Payments for 3 months this year, noting that, at the same time, in relation to the country's gross domestic product, the country's total debt at the end of Q1 2023 amounted to 66.6%, an increase of 1.4 percentage points, compared with the situation at the end 2022 According to the NBM, the external debt of the public sector and state-guaranteed debt in January-March 2023 increased by $213.36 million (+6.5%) - from $3 billion 263.61 million (at the end of 2022) to $3 billion 476.97 million (at the end of the first quarter of 2023) up to 35.3% of the total debt. Herewith, non-guaranteed debt of the private sector increased over the same period by $175.03 million (+2.8%) - from $6 billion 194.19 million to $6 billion 369.22 million and amounted to 64.7% of the total debt. The overall growth of Moldova's external debt in the first quarter of 2023 was due to an increase in the debt of the public administration sector by 6.7% - from $3 billion 172.85 million (at the end of 2022) to $3 billion 385.16 million (at the end of the first quarter of 2023), commercial banks - by 3.4% - from $505 million to $522.41 million, debt of the National Bank on IMF loans - by 1.1% - from $63.98 million to $64.69 million, debt under the section "Direct investments: inter-branch lending" - by 1.6% - from $1 billion 898.92 million to $1 billion 928.86 million, as well as debt under the section "Other sectors" - by 3.4% - from $3 billion 817.05 million to $3 billion 945.07 million. Long-term external debt at the end of Q1 2023 amounted to $7 billion 102.65 million, an increase of 3.8% compared to the situation at the end of 2022, when it amounted to $6 billion 842.99. Meanwhile, short-term external debt amounted to $2 billion 743.54 million, an increase of 4.9% compared to the end of 2022 ($2 billion 614.81 million). Their share in the total debt amounted to 72.1% and 27.9%, respectively. The structure of external public debt by creditors, according to the situation at the end of Q1 2023, shows that the main creditor of the state was the IMF with a share of 30.1% ($1 billion 046.69 million) of the total, followed by the World Bank Group with shares of 27% ($938.63 million) and the European Investment Bank - 12.7% ($439.84 million) // 04.07.2023 — InfoMarket.
