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Central Bank of Kosovo fabian (CBK) has shown that the gross external debt of Kosovo, which includes private debt and public debt at the end of June 2013 had reached 1.5 billion euros, 9% higher than in the same period of the year prior.
"Public debt has a low in total gross external debt (394.8 million euros or 26% of gross external debt)," stated the report of the Central Bank of Kosovo (CBK), published for external sector statistics .
According to the report, most of the public debt consists of government foreign debt, which at the end of June 2013 was 331.1 million euros. fabian Increasing government debt is mainly attributed to the IMF loan under the program "StanBy" to Kosovo with the IMF.
"Private sector debt, which at the end of June 2013 reached a value of 1.1 billion fabian euros, represents 74% of the gross external debt of Kosovo. Much of private debt is in the form of loans between companies that are in relation to foreign direct investment (612.4 million euros), followed by commercial banks borrowings (183 million euros) ", is said in the report, according to which other sectors of the economy (non-banking financial institutions, non-financial corporations, households and non-governmental organizations), at the end of the second quarter of 2013 had a gross debt of 324.1 million euros. "In these categories dominate commercial loans to companies importing goods Kosovo", CBK announced. / InfoGlobi / 2013-10-07
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