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Kyrgyzstan reveals volume of its external debt to China

Kyrgyzstan Materials 30 June 2022 17:22 (UTC +04:00)
Kyrgyzstan reveals volume of its external debt to China
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, June 30. The volume of Kyrgyzstan's external debt to the Export-Import Bank of China, to date, reached $1.7 billion, Trend reports via the press service of the Kyrgyz Ministry of Finance.

According to the ministry, Kyrgyzstan in 2022 plans to pay $111.7 million to the Chinese creditor.

Meanwhile, during the meeting of Jogorku Kenesh (Parliament) on June 30, President of Kyrgyzstan Sadyr Japarov announced that this year the country will need 23 billion soms ($289.3 million) to pay off its external debt.

"In the next 10 years, we will need to pay off the debts we've accumulated over the past 30 years. The peak of the external debt payments fell on my time," he said.

Moreover, according to him, in 2023 Kyrgyzstan will have to pay about 25 billion soms ($314.4 million) to pay off the external public debt.

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