As of April 1, 2025, Tajikistan’s external debt stood at $3.101 billion, reflecting a decrease of $87 million (2.7%) since the beginning of the year. The figures were published by the country’s Ministry of Finance, Asia-Plus reports.
The bulk of the debt - 95.6% - is government debt, while the remaining 4.4% consists of loans issued under state guarantees.
Major creditors include:
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China (around $1 billion)
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World Bank
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Asian Development Bank (ADB)
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Islamic Development Bank (IsDB)
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European Bank for Reconstruction and Development (EBRD)
Tajikistan also continues to service $500 million in Eurobonds issued in 2017 to help finance the construction of the Rogun Hydropower Plant.
According to the 2025 national budget, approximately 4 billion somoni (around $385 million) has been allocated for debt servicing. Of that:
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Over 3 billion somoni will go toward repaying the principal,
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About 1 billion somoni will be used to pay interest.
An additional 1.4 billion somoni (approximately $135 million) will be repaid by state-owned enterprises that obtained external loans under government guarantees.
The volume of external debt is expected to rise later this year following the ratification of new loan agreements with international donors.
In his latest address, the President of Tajikistan announced plans to attract more than 33 billion somoni (about $3 billion) in external funding to complete the Rogun Hydropower Plant. This includes:
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20.5 billion somoni ($1.9 billion) in concessional loans,
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12.5 billion somoni (more than $1.1 billion) in grant assistance.
As of January 1, 2025, Tajikistan’s total public debt amounted to $3.6 billion, or 25.2% of GDP — the lowest debt-to-GDP ratio the country has seen in the past 15 years.
Of the total public debt:
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Over $3.2 billion (89%) is external,
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Just over $382 million is domestic.
CentralasianLIGHT.org
21 мая 2025 года