During the first half of 2010 gross external debt of Kazakhstan has declined by $3.7 billion

/IRBIS, October 5, 2010/ - For the first half of 2010 gross external debt of the Republic of Kazakhstan excluding intercompany debt decreased by $ 3.7 billion and as at 30 June 2010 amounted to $ 59.4 billion, reported today by the National Bank of Kazakhstan . As indicated, basically it was to ensure a reduction of the external debt of the banking sector. However, occurred during this period the growth of intercompany debt of residents in the amount of $ 5.1 billion, a growth rate of gross external debt. As a result, gross external debt (including intercompany indebtedness) as at 30 June 2010 amounted to $ 114.6 billion, in which the intercompany debt is more than 48%, the share of external liabilities of banks (including the Development Bank of Kazakhstan) is about 22%. With the growth of exports of goods and services (EGS), and GDP in the first half of 2010, which compared the amount of external debt at 30 June 2010 the ratio of WSC excluding intercompany debt to GDP ratio declined to 46.5% from 55% (at the beginning of the year), but to this one - was 98.1% (at the end of 2009 - 130.8%). Taking into account intercompany debt ratio of GDI to GDP dropped to 89.6% from 98.6% (at the beginning of the year), but to this one - declined to 189.1% (at the end of 2009 - 234.6%). [2010-10-05]