21:28 / 23.09.2021
Uzbekistan’s external debt exceeds $35 billion for first time

One of the reasons for the growth of government debt was the decline in bond prices on international markets, Spot reports. 

The total external debt of Uzbekistan in the first six months of 2021 amounted to $35.9 billion, follows from the CB data. Since the beginning of the year, it has grown by 6% or $2 billion.

External debt consists of public and private. The first one amounted to $22 billion and grew by 3%, mainly due to the attraction of new borrowings and payments on them, lower bond prices and changes in exchange rates.

The second amounted to $13.9 billion and grew by 11% mainly due to increased borrowing by banks and other sectors:

In the first six months, $353.4 million and $206.5 million of interest were paid on the state debt. Private debt payments were $1.6 billion and $238.8 million in interest.

Earlier, Spot wrote that Uzbekistan’s official reserve assets as of September 1 amounted to $35.4 billion.