11:56 / 26.03.2022
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Uzbekistan’s external debt nears $40 billion

The Central Bank presented the publication “Balance of Payments, International Investment Position and External Debt of the Republic of Uzbekistan” for 2021.

Photo: Paul Yeung / Blomberg

According to the regulator, the total external debt of Uzbekistan since the beginning of the year has increased by 16% or $5.4 billion and as of January 1, 2022 amounted to $39.6 billion ($34.2 billion as of January 1, 2021).

In particular, compared to the beginning of the year, the state external debt increased by 11% or $2.4 billion and amounted to $23.7 billion, while non-state external debt increased by 24% or $3.0 billion and reached $15.8 billion.

In 2021, the net growth of public external debt, adjusted for changes in the exchange rate and prices, increased by 11% or $2.4 billion and amounted to $23.7 billion at the end of the reporting period. 

The reason for this was the receipt by the public sector of loans totaling $3.8 billion, of which $635 million were issued securities at a rate of 3.9% for a period of 10 years and 2.5 trillion soums at a rate of 14% for a period of 3 years.

Growth in private sector debt as of January 1, 2022 amounted to $15.8 billion, increased by 24% or $3.0 billion in comparison with the beginning of 2021. The main share of this growth accounts for the banking sector, oil and gas sector, oil and gas sector, mining and metallurgical sector and other sectors.

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