Uzbekistan's principal debts are long-term

As of July 1, 2018, the total external debt of Uzbekistan amounted to $ 15.8 billion, which is 0.02% ($ 3.4 million) higher compared to the beginning of 2018. This is stated in the report of the Central Bank.

Debt growth was observed in the public sector ($ 479 million). Private sector debt, in the meantime, decreased by $ 476 million.

“Thus, external debt of the country has maintained the tendency to grow on account of attracting new debts to finance government projects,” the report said.

In the first half of the year, private sector took $ 298.6 million on debt.

Foreign money were attracted mainly by banks - $ 176.6 million, of which $ 110.6 million went to state-owned banks, $ 24.3 million to textile companies and $ 63.9 million to other sectors of the economy.

Principal debts of Uzbekistan are long-term. For example, money should be paid within a calendar year amounts to $ 170 million (1 %), within the next 5 years $ 985 million (6 %), and over seven years $ 1.1 billion (7 %). $ 13.5 billion (86 %) of the debt is to be returned in 10 years.

From January to June 2018, the country has repaid debts worth $ 686.3 million and interest rates $ 176.6 million.