Gross foreign debt of Kosovo, which includes private debt and public debt, according to the Central Bank of Kosovo (CBK), at the end of June 2013 amounted to EUR 1.5 billion, 9 percent 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 percent of gross external debt.
Central Bank of Kosovo (CBK) has announced that the bulk of public debt consists of government foreign debt, which at the end of June 2013 was 331.1 million euros. Increasing government debt is mainly attributed to the IMF loan under the program “Stand-By” to Kosovo with the IMF.
“Private sector debt, which at the end of June 2013 reached a value of 1.1 billion euros, represents 74 percent 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 (EUR 612.4 million), followed by commercial banks borrowings (183 million euros), ” it is in the announcement about of CBK external sector statistics.
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“Other sectors of the economy (non-banking financial institutions, non-financial corporations, households and non-governmental organizations), at the end of the first quarter of 2013 had a gross debt of 324.1 million euros.”
