Совокупный долг — это не только суверенные кредиты. Условные обязательства в Армении, Беларуси, Кыргызстане и Таджикистане (Total Debt is So Much More Than Just Sovereign Debt. Contingent Liabilities in Armenia, Belarus, Kyrgyz Republic, and Tajikistan)

Eurasian Fund for Stabilization and Development (EFSD) Working Paper WP/2021/2

62 Pages Posted: 4 Feb 2022

See all articles by Evgeny Vinokurov

Evgeny Vinokurov

Eurasian Development Bank

Natalia Lavrova

Eurasian Fund for Stabilization and Development

Dmitry Taltaev

Eurasian Fund for Stabilization and Development

Date Written: October 27, 2021

Abstract

Russian Abstract: Исследование отвечает на вопрос о потенциальных рисках реализации прямых и косвенных условных обязательств и их влиянии на бюджетные и долговые позиции 4 стран – получателей средств ЕФСР. Особое внимание уделяется государственным предприятиям и их роли в долговых позициях стран.

English Abstract: This study aims to contribute to understanding the potential risks and impacts of both explicit and implicit contingent liability shocks on government fiscal and debt positions in the EFSD recipient countries. Special attention is paid to the significance of state-owned enterprises and their role in countries’ debt positions.

Note: Downloadable document is in Russian.

Keywords: внешний долг, условные обязательства, гарантии, субкредиты, частный долг, государственные предприятия

JEL Classification: F34, F43, H63, O43, E62, H81, F34

Suggested Citation

Vinokurov, Evgeny and Lavrova, Natalia and Taltaev, Dmitry, Совокупный долг — это не только суверенные кредиты. Условные обязательства в Армении, Беларуси, Кыргызстане и Таджикистане (Total Debt is So Much More Than Just Sovereign Debt. Contingent Liabilities in Armenia, Belarus, Kyrgyz Republic, and Tajikistan) (October 27, 2021). Eurasian Fund for Stabilization and Development (EFSD) Working Paper WP/2021/2, Available at SSRN: https://ssrn.com/abstract=3987894

Evgeny Vinokurov (Contact Author)

Eurasian Development Bank ( email )

1st Zachatyevskiy Lane 3b1
Moscow, 191123
Russia

HOME PAGE: http://www.vinokurov.info

Natalia Lavrova

Eurasian Fund for Stabilization and Development ( email )

Dmitry Taltaev

Eurasian Fund for Stabilization and Development ( email )

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