TEHRAN - The International Debt Statistics by the World Bank indicates there has been a fall of $1.511 billion in Iran’s external debt to $5.495 billion in 2014 from $7.006 billion in 2013.

Out of a total of $5.495 billion external debt in the year, more than $3.042 billion and $486 billion are accounted for by long-term and short-term external debts, respectively.

Moreover, of the debt, $1.967 billion is explained by Iran’s debts to the International Monetary Fund.

This amount of external debt has cost the country $33-million interest payments to creditors in the year, amounting to $350 million in a five-year extension, starting from 2010.

Further, according to the report, Iran’s external debt has fallen to a downward trajectory over the past five years, from $20.03 billion in 2010 to $5.495 billion in 2014, down 72 percent.

However, there is one bearish dimension to the report, where inflows to Iran have plummeted to $2.1 billion in 2014 compared to $3 billion in 2013, down 30 percent.