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External debt of Tajikistan increased

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Monitoring Desk: The size of direct government debt, which ensures the performance of government services, as of July 1 this year amounted to $ 2.743 billion, the Tajik Ministry of Finance said.

According to Asia-Plus News Agency, the size of Tajikistan’s external debt since the beginning of this year increased by $ 14 million – at the beginning of the year it was $ 2.879 billion. This amount was 40.3 percent of last year’s GDP of the country.

Almost 95 percent of the external debt of Tajikistan is the funds raised for the needs of the country’s government,.

The remaining 5 percent in the structure of the country’s external debt were as follows:

– the debt raised by the National Bank of Tajikistan (NBT) from the International Monetary Fund to maintain the balance of payments – 71.6 million dollars;

– borrowed by the NBT from China – 7 million dollars;

– the NBT borrowed from the Islamic Development Bank – 3.6 million dollars;

– debts with a state guarantee – 36.6 million dollars;

– debts of state enterprises that do not have a government guarantee – 31.5 million dollars.

Servicing of external debt in the first half of this year was implemented in the amount of $ 90.6 million. During the current year it was planned to attract 200 million foreign loans.
There is also a possibility of attracting investments by the end of the year by selling government bonds on international markets.

The main external creditor of Tajikistan remains the Eximbank of China, to which the republic owes more than 1.2 billion dollars. Debt resulting from the sale of government securities on international markets is $ 500 million. Also, relatively large debts are before the World Bank ($ 318 million), the Asian Development Bank ($ 278 million), the Islamic Development Bank ($ 112 million).

There are also relatively small debts to the Saudi Development Fund, the Kuwait Development Fund, the EurAsEC Anti-Crisis Fund, France, Germany, the European Bank for Reconstruction and Development, the European Investment Fund, and the Abu Dhabi Development Fund.

Central Desk
Central News Desk.

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