Uzbekistan’s total external debt has risen to $64.1 billion, reflecting a sharp increase in both state and corporate borrowing, according to a report by the Central Bank of Uzbekistan.
Uzbekistan’s external debt has reached $64.1 billion, marking an increase of $4.2 billion in state debt and $6.6 billion in corporate loans, as reported by Kun.uz.
According to the Central Bank of Uzbekistan, by the end of 2024, $33.9 billion of the external debt will be state-guaranteed, while $30.2 billion consists of non-guaranteed corporate debt. The rapid growth in corporate debt is attributed to national companies expanding their presence in international financial markets.
For comparison, the country’s total external debt was $53.3 billion in 2023, with $29.7 billion in state debt and $23.6 billion in corporate debt.
Uzbekistan’s state external debt is primarily sourced from three main creditors:
International financial institutions – 57%
Foreign government financial organizations – 31%
International investors – 12%
The largest creditors are:
World Bank – $7.63 billion (23%)
Asian Development Bank – $7.4 billion (22%)
International investors – $4.1 billion
State-backed loans are allocated across multiple sectors:
State budget support – $15.3 billion (45%)
Energy and fuel industry – $5.74 billion (17%)
Agriculture and water management – $2.9 billion (9%)
Transport and infrastructure – $2.85 billion (8%)
Healthcare, education, and ICT – $2.45 billion (7%)
By the end of 2025, Uzbekistan’s state debt is projected to reach $45.1 billion, accounting for 36.7% of the country’s estimated GDP of $125 billion. An additional $5.5 billion in external borrowing is planned for 2024, with $3 billion earmarked for budget support and $2.5 billion for investment projects.
With GDP expected to surpass $140 billion in 2026, the state debt-to-GDP ratio is projected to rise to 37.9%, pushing the total state debt beyond $53 billion.
Debt servicing costs are also escalating. In 2023, the government allocated 8 trillion UZS for debt repayment. In 2024, this amount rose sharply to 14.5 trillion UZS. Forecasts indicate that interest payments will continue to rise:
2025 – 21.1 trillion UZS
2026 – 30.3 trillion UZS
2027 – 33.8 trillion UZS
The increasing external debt burden highlights Uzbekistan’s reliance on international financing, raising concerns about long-term fiscal sustainability.
The White House says deploying United States ground troops in Iran is not currently part of the military strategy in ...
Israel has warned residents to leave a significant area in southern Lebanon, instructing them to move north of the Li...
A torpedo from a U.S. submarine sunk an Iranian warship off the coast of Sri Lanka, U.S. Secretary of Defense, Pete Hegseth told reporters as ...
A U.S. submarine strike sank an Iranian warship off the coast of Sri Lanka, leaving at least 80 dead, the country&...
The election of Iran’s next supreme leader could provide an opportunity to end the ongoing regional war involving Israel, the U.S. and ...
The White House says deploying United States ground troops in Iran is not currently part of the military strategy in the ongoing conflict with Tehran.
Israel has warned residents to leave a significant area in southern Lebanon, instructing them to move north of the Litani River as hostilities with the Iran-backed Lebanese group Hezbollah intensified on Wednesday.
A U.S. submarine strike sank an Iranian warship off the coast of Sri Lanka, leaving at least 80 dead, the country’s deputy foreign minister said. Meanwhile, Iran postponed the funeral of its late Supreme Leader Ali Khamenei, according to state media.
The election of Iran’s next supreme leader could provide an opportunity to end the ongoing regional war involving Israel, the U.S. and Iran, Türkiye’s Foreign Minister Hakan Fidan has said.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
A torpedo from a U.S. submarine sunk an Iranian warship off the coast of Sri Lanka, U.S. Secretary of Defense, Pete Hegseth told reporters as the Iranian conflcit entered its fifth day on Wednesday.
The U.S. embassy in Riyadh was hit by two drones resulting in a limited fire and some material damage, the kingdom's defence ministry said in a post on X on Tuesday, citing an initial assessment.
Shahid Motahari Sub-Speciality Hospital in northern Tehran and parts of the Golestan Palace were bombed on day two of the U.S.‑Israel strikes. AnewZ Touraj Shiralilou is in Iran's capital city and said that the facility was flattened in an airstrike.
A U.S. submarine strike sank an Iranian warship off the coast of Sri Lanka, leaving at least 80 dead, the country’s deputy foreign minister said. Meanwhile, Iran postponed the funeral of its late Supreme Leader Ali Khamenei, according to state media.
The election of Iran’s next supreme leader could provide an opportunity to end the ongoing regional war involving Israel, the U.S. and Iran, Türkiye’s Foreign Minister Hakan Fidan has said.
The U.S. Department of Defense has released a video of a submarine strike on an Iranian warship off the southern Sri Lankan coast. At least 80 people died in the U.S. attack on the vessel, Sri Lanka's Deputy Foreign Minister said.
Rising tensions in the Middle East are beginning to affect Kazakhstan’s economy and citizens, disrupting grain trade across the Caspian Sea and prompting the evacuation of hundreds of Kazakh nationals from several countries in the region.
Azerbaijan’s President Ilham Aliyev highlighted the country’s expanding gas exports to Europe and its renewable energy ambitions during the Southern Gas Corridor Advisory Council’s 12th Ministerial Meeting and the Green Energy Advisory Council’s 4th Ministerial Meeting in Baku on Tuesday (3 March).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment