Foreign loans put debt at risk
09/07/2015 00:00
The Washington Agreement Must Be Reactivated! 06/01 19:04
Ministry of Finance experts say that the foreign debt exposes the public
debt to risks that come from the exchange rate, but no only.
In the past three years, the government has chosen to address to foreign markets for loans, mainly through soft loans from the IMF and the World Bank.
As result, the foreign debt has increased from 26.6% in 2012 to 29.1% by the end of 2014.
The number went again to 29.5% in the first trimester, or 3.1 billion EUR. Chances are that by the end of the year it will be much higher.
The government has chosen to orient debts in foreign markets for this year too. It extends the debt maturity and leaves more space o the internatl market to fund the private business.
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