Ministry of Finance of Uzbekistan told on a debt of Tashkent – how is a borrower and how much is borrowed

Ministry of Finance of Uzbekistan told on a debt of Tashkent – how is a borrower and how much is borrowed

Specialists of the Ministry of Finance of Uzbekistan prepared a report on a sum of the republic’s state debt. This was reported by the Sputnik Uzbekistan News Agency. As of 1 January 2021, it made up US $23.3 billion or 40.4% of GDP.

In particular, Uzbekistan’s debt to the Asian Development Bank is US $5 billion. The World Bank with US $3.7 billion is the second borrower. The debt to the Chinese State Development Bank, China Export-Import Bank and the Japan International Cooperation Agency is US $2 billion to each one.

The country’s debt to international investors is US $1.7 billion.

In 2020, 17.5% of the funds raised were directed to support the state budget, 12.4% – to the development of energy, 13.7% – to the development of the electric power industry, 11.5% – to the development of transport infrastructure and 11% – for the development of the housing and utilities sector.

On behalf of the ORIENT editorial board, we would like to add that borrowing is a common practice, in the life of both people and states. The main thing is to deal of the attracted funds in such a way, as they say, to distribute the debts on time and remain some as your living allowance.

Nury AMANOV

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