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The Star
8 hours ago
- Business
- The Star
Cambodia's total public debt reaches US$12.18bil as of Q1
An aerial view of the capital's central business district. - Photo: The Phnom Penh Post file PHNOM PENH: The Cambodian government had a total public debt stock of US$12.18 billion at the end of the first quarter of 2025, up 1.24 per cent from US$12.03 billion at the end of 2024, according to the Cambodia Public Debt Statistical Bulletin on Friday (May 30). Published by the Ministry of Economy and Finance, the bulletin showed that 99 per cent, or $12.06 billion, was public external debt and 1 per cent, or $118.33 million, was public domestic debt. The composition of the public debt stock comprised 48 per cent in USD, 18 per cent in Special Drawing Rights (SDR), 11 per cent in JPY, 10 per cent in CNY, 8 per cent in EUR and 5 per cent in local and other currencies, the bulletin said. During the January-March period this year, the government signed new concessional loans with development partners in a total amount of $78.81 million, which accounted for 3 per cent of the ceiling permitted by law, it said. "Overall, all the loans are highly concessional with an average grant element of around 50 per cent," the bulletin said. The bulletin said the Southeast Asian country had paid debt services to development partners in the amount of $237.8 million in Q1 of 2025. Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth said all the loans had been used to finance public investment projects in the priority sectors that support long-term sustainable economic growth and increase economic productivity. Cambodia's public debt situation is currently at a controllable level and continues to remain "sustainable" and "low risk" of debt distress, he said in the bulletin. The kingdom's total public debt is at 18.4 per cent of the gross domestic product (GDP), which is far lower than the threshold of 40 per cent, according to the bulletin. - Xinhua
Jordan News
19 hours ago
- Business
- Jordan News
Russia's International Reserves Rise to $678.5 Billion - Jordan News
Russia's International Reserves Rise to $678.5 Billion The Central Bank of Russia announced on Friday that the country's international reserves increased by 1.6% in May, reaching $678.5 billion, a gain of $11 billion over the month. اضافة اعلان Key Drivers of Growth: The rise was attributed to a positive revaluation of foreign assets, reflecting favorable market conditions. Despite ongoing geopolitical challenges and financial sector pressures, the data signals a degree of economic stability in Russia. Russia's international reserves include foreign currencies, Special Drawing Rights (SDRs), reserve positions in the IMF, and gold holdings. The latest increase reinforces the country's efforts to maintain macroeconomic stability amid Western sanctions and global economic shifts.
Economic Times
23-05-2025
- Business
- Economic Times
India's forex reserves drop $4.88 billion to $685.73 billion
India's forex reserves experienced a decrease of USD 4.888 billion, settling at USD 685.729 billion for the week ending May 16, according to the RBI. This decline follows a previous week's increase, with gold reserves notably dropping by USD 5.121 billion. Tired of too many ads? Remove Ads India's forex reserves fell by USD 4.888 billion to USD 685.729 billion for the week ended May 16, according to the Reserve Bank of India (RBI) on Friday, May 23. This came after a rise of USD 4.553 billion to USD 690.617 billion in the previous highest level of forex reserves was recorded in September 2024, reaching USD 704.885 foreign currency assets, which make up a large part of the reserves, increased slightly by USD 279 million to USD 581.652 billion during the week. These assets are affected by the value changes of currencies like the euro, pound, and yen compared to the US reserves saw a significant drop of USD 5.121 billion to USD 81.217 billion after a sharp rise of USD 4.52 billion the week Special Drawing Rights (SDRs), which are international reserve assets managed by the IMF, decreased by USD 43 million to USD 18.49 reserve position with the International Monetary Fund (IMF) also fell slightly by USD 3 million to USD 4.371 billion in the same week, the RBI data showed.
Time of India
23-05-2025
- Business
- Time of India
India's forex reserves drop $4.88 billion to $685.72 billion
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's forex reserves fell by USD 4.888 billion to USD 685.729 billion for the week ended May 16, according to the Reserve Bank of India (RBI) on Friday. This came after a rise of USD 4.553 billion to USD 690.617 billion in the previous week. The highest level of forex reserves was recorded in September 2024, reaching USD 704.885 foreign currency assets, which make up a large part of the reserves, increased slightly by USD 279 million to USD 581.652 billion during the week. These assets are affected by the value changes of currencies like the euro, pound, and yen compared to the US reserves saw a significant drop of USD 5.121 billion to USD 81.217 billion after a sharp rise of USD 4.52 billion the week Special Drawing Rights (SDRs), which are international reserve assets managed by the IMF, decreased by USD 43 million to USD 18.49 reserve position with the International Monetary Fund (IMF) also fell slightly by USD 3 million to USD 4.371 billion in the same week, the RBI data showed.
Business Recorder
22-05-2025
- Business
- Business Recorder
State Bank of Pakistan reserves jump to 4-month high on IMF inflow
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.04 billion on a weekly basis, clocking in at $11.45 billion as of May 16, data released on Thursday showed. Total liquid foreign reserves held by the country stood at $16.65 billion. Net foreign reserves held by commercial banks stood at $5.20 billion. The central bank attributed the recent loan tranche from the International Monetary Fund (IMF) to the increase in the FX reserves. 'During the week ended on 16-May-2025, SBP reserves increased by US$ 1,043 million to US$ 11,446.5 million as SBP received 2nd tranche of SDR 760 million (US$ 1,023 million) from the IMF under EFF program on May 13, 2025,' it said. Last week, SBP foreign exchange reserves increased by $71mn to $10.40 billion. On May 14, the central bank confirmed that it had received the second tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.02 billion, from the IMF. The development had come days after IMF Executive Board completed the first review under the Extended Fund Facility (EFF) arrangement, allowing the Pakistani authorities to draw the equivalent of about $1 billion.
