The MIIT has published clarifications regarding the structure of total external debt and the objectives for which the attracted funds are allocated.
As of October 1, 2025, Uzbekistan’s total external debt amounted to $75.4 billion. Of this amount, $37.4 billion accounts for sovereign external debt, while the remaining $38 billion consists of borrowings by private and state-owned enterprises without a state guarantee (corporate debt).
“The key principle here is simple: the purpose of attracting investments and resources is to improve people’s living standards. This is not about ‘attractive reports’ or ‘impressive figures’, but about tangible improvements felt in everyday life – jobs and household incomes, infrastructure, access to clean water, energy, transport, and high-quality social services.
The economic logic is also clear: for the economy to grow faster, resources are needed – capital, technologies, equipment, and new markets. If a country stops attracting resources, growth slows down: fewer jobs are created, it becomes more difficult to upgrade roads and social infrastructure, expand water supply, and ensure affordable energy,” the ministry said in its statement.
In this context, Uzbekistan has been consistently working to attract investment to accelerate economic development, increase GDP, and ultimately improve the quality and length of people’s lives. Notably, since 2020, life expectancy has shown steady growth – from 73.4 years to 75.1 years in 2024.
It is separately emphasized that, under international classifications, Uzbekistan’s level of public debt is considered moderate and manageable.
Sovereign external debt of $37.6 billion is equivalent to approximately 26% of GDP. This is significantly below the indicative threshold levels that, in global practice, are regarded as potentially risky for macroeconomic stability.
The ministry also detailed what has been accomplished through public borrowings during the period from 2017 to 2025:
• 1,564 km of highways reconstructed;
• 470 km of railway lines electrified;
• 6,793 km of drinking water supply networks and 664 km of sewerage networks constructed;





