External debt

Short-term external debt at $174 billion

Türkiye's short-term external debt stock recorded $173.6 billion at the end of February, indicating a decrease of 0.9 percent compared to the end of 2023.

In this period, banks' short-term external debt stock increased by 2.2 percent to $69.9 billion and other sectors' short-term external debt stock decreased by 4.5 percent to $57.7 billion, the official data showed on April 24.

Public debt posts decline in Cyprus

Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels. The debt stood at 22.3 billion euros by the end of 2023, showing a slight decrease from €22.4 billion in September of the same year. Notably, the debt had reached €23.8 billion last June.

Sustainability of debt guaranteed till 2030

The sustainability of Greece's public debt is guaranteed at least until 2030, according to the Bank of Greece (BoG).

The evolution of public debt and gross financing needs in various adverse scenarios shows limited deviations from the basic scenario of the Bank of Greece until the beginning of 2030, as stated in its annual report.

Bulgaria Secures 2.3 Billion Euros in International Debt

Bulgaria has achieved a significant milestone in its fiscal management by successfully raising an external debt of 2.3 billion euros through two separate issues on international markets. This strategic financial move not only indicates Bulgaria's solid standing in the global financial landscape but also plays a pivotal role in covering old debts and managing the national deficit.

Sri Lanka to restructure domestic debt

Sri Lankan authorities have declared a five-day closure of financial markets from June 29 ahead of a controversial move to restructure the government's domestic debt amounting to more than $51 billion.

The restructuring affects government bonds in line with an IMF bailout agreed in March, after Sri Lanka defaulted on its foreign debt in April last year and declared bankruptcy.

Short-term external debt at $138 billion

Türkiye's short-term external debt stock increased by 13.6 percent compared to the end of 2021 to stand at $138.1 billion at the end of August, the Central Bank has announced.

Over the said period, banks' short-term external debt stock rose by 8.2 percent to $55.6 billion and other sectors' short-term external debt stock increased by 15.4 percent to $50.9 billion.

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