The Central Bank presented the publication “Balance of Payments, International Investment Position and External Debt of the Republic of Uzbekistan” for 2021.
According to the Bank, as of January 1, 2021 Uzbekistan’s total external debt reached $39.6 billion increasing by 16% or $5.4 billion year-to-date ($34.2 billion as of January 1, 2021).
In particular, the public external debt increased by 11% or $2.4 billion and topped $23.7 billion, while private 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 the placed 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.
Private sector debt as of January 1, 2022 reached $15.8 billion, an increase of 24% or $3.0 billion compared to the beginning of 2021, the bulk of this growth is mainly in the banking sector, oil and gas and energy sectors, mining-metallurgical and other sectors.
