Uzbekistan’s External Debt Climbs Sharply in First Quarter of 2025

2025-07-08 07:25:44

(MENAFN) Uzbekistan’s total external debt climbed sharply to 68.4 billion U.S. dollars in the first quarter of 2025, local media disclosed on Monday, referencing recent figures released by the nation’s central bank.

This increase represents a rise of 4.3 billion dollars compared to the previous quarter, driven by expansions in both public and corporate borrowing. According to the report, government debt surged to 35.8 billion dollars, while corporate liabilities accounted for 32.6 billion dollars of the total external debt.

By the close of 2024, Uzbekistan’s foreign debt stood at 64.1 billion dollars, equating to 55.7 percent of the country’s Gross Domestic Product (GDP). This rising debt burden highlights mounting economic pressures as the nation navigates both development goals and fiscal stability challenges.

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