External Debt in Bosnia and Herzegovina
Bosnia and Herzegovina - External DebtThe economic situation turned dire over the last month as the Covid-19 crisis pummeled activity. Merchandise exports declined over 14% year-on-year in March on flagging demand from key European trading partners, with output in the industrial sector consequently sinking in the same month as manufacturing output recoiled. Exacerbating matters, remittance inflows are expected to ebb significantly in the wake of ongoing crises abroad. In late April, the IMF approved a roughly EUR 333 million emergency loan to help the country meet an urgent balance-of-payments need. Moreover, the government of the Bosniak-Croat Federation scaled up its 2020 budget around 11% to BAM 5.5 billion in mid-April to accommodate higher spending in response to the crisis. Reflecting the economic fallout and an expected deterioration in the country’s fiscal metrics, S&P Global Ratings downgraded the outlook of its B credit rating to stable from positive on 30 April.
Bosnia and Herzegovina - External Debt Data
|External Debt (% of GDP)||27,173||82.6||82.2||82.1||77.0|
5 years of economic forecasts for more than 30 economic indicators.
Bosnia and Herzegovina External Debt Chart
Source: Central Bank of Bosnia and Herzegovina
Bosnia and Herzegovina Facts
|Exchange Rate||1.74||-0.65 %||Dec 31|
|Stock Market||0.5||0.0 %||Jan 07|
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