Tajikistan’s Debts deacreased in 2018

TajikistanToday.org (English)

According to the Ministry of Finance in the Republic of Tajikistan the foreign debt of the republic decreased in the first 10 months of the current year.

As of January 1, 2018, foreign debts reached $ 2 billion 879 million which comapres to 40.3% of last year’s GDP of the republic.

In the first half of this year, the country spent $ 90.6 million on returning foreign debts.

In general, it was planned to allocate 125 million dollars of budgetary funds to repay the country’s main external debt in 2018. At the same time, it was planned to request another $ 200 million of external debt.

In total about 95% of the debts are funding the needs of the government for serving citizens or financing important infrastructural projects.

The amount of direct public debt, which ensures the implementation of government services, as of October 1 of this year was $ 2 billion 727.3 million.

The remaining 5% of the external debts were borrowed by the National Bank of Tajikistan from international financial instituitions like the World Bank.

The Eximbank of China remains currently the main external creditor of Tajikistan, to which the republic owes more than $ 1.2 billion.

Also, relatively large debts are available to the World Bank ($ 318 million), the Asian Development Bank ($ 278 million) and the Islamic Development Bank ($ 112 million).

Some minor debts to the Saudi Development Fund, the Kuwaiti Development Fund, the EurAsEC Anti-Crisis Fund, the Countries of France, Germany, the European Bank for Reconstruction and Development & the European Investment Fund as well as the Abu Dhabi Development Fund are the remaining debitors.

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