Uzbekistan's total external debt increases

Finance Materials 30 March 2020 13:04 (UTC +04:00)
Uzbekistan's total external debt increases

BAKU, Azerbaijan, Mar. 30

By Ilkin Seyfaddini – Trend:

Uzbekistan's total external debt grew by almost $7.1 billion or 40.9 percent from January through December 2019 and reached $24.3 billion, Trend reports citing the Central Bank of Uzbekistan.

In particular, the state external debt of the country increased by 56.5 percent in 2019 and made up $15.7 billion, of which $1.1 billion were sovereign international bonds, placed at the London Stock Exchange in February 2019.

Uzbekistan's private external debt grew by 19.1 percent to $8.5 billion over the reporting period.

At the same time, last year Uzbekistan repaid state external debt in the amount of $415.5 million and accrued interest at the rate of $294.7 million, and private sector - $1.9 billion respectively.

The country's official gold and foreign exchange reserves at the beginning of 2020 amounted to $29.1 billion. International reserves amounted to $28.6 billion.

Uzbekistan's reserves are mainly distributed between US dollars and gold.


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