Belarus’ external debt in the context of the pandemic and ways to resolve it

• Main Authors: Anna D. Gracheva, Elena A. Miroshina
• Format: Article
• Language: English
• Published: Peoples’ Friendship University of Russia (RUDN University) 2021-12-01
• Series: RUDN Journal of Economics
• Subjects: external debt; belarus; ways to settle; coronavirus pandemic; economy of belarus; russia; main creditor
• Online Access: http://journals.rudn.ru/economics/article/viewFile/27605/19913

The changes in the amount of the external debt of Belarus depending on various factors are analyzed. The study found that the consequences of the epidemic COVID-19 had a significant impact on the increase in the amount of external debt. In addition, political protests against the government have a special weight in the reasons for the growth of Belarus external debt, since their consequences significantly reduced the level of confidence on the part of foreign investors, which led to a fall in the ruble. The role of foreign countries as the main creditors in the external debt of Belarus, as well as in the economy of Belarus as a whole is examined, and the importance of the Belarusian friendship with Russia is considered. In conclusion, an assessment of the structure of the Belarusian economy and methods of its regulation is carried out, and then possible ways of settling the Belarusian debt are presented.