DUSHANBE, Tajikistan, June 1. Tajikistan’s
external debt stood at $3.1 billion as of April 1, 2025, which is a
decrease of $87 million, or 2.7 percent, compared to the beginning
of the year, Trend
reports via the Ministry of Finance.
The debt portfolio is predominantly characterized by direct
sovereign borrowing, constituting 95.6 percent of the aggregate,
whereas the residual 4.4 percent pertains to state-backed
liabilities.
The People’s Republic of China remains the predominant sovereign
creditor, possessing approximately $1 billion in outstanding loan
obligations. Tajikistan is encumbered by substantial liabilities to
various prominent global financial entities, encompassing the World
Bank, Asian Development Bank, Islamic Development Bank, and the
European Bank for Reconstruction and Development.
A significant element of the liability portfolio is the unredeemed
$500 million Eurobond launched in 2017, strategically designed to
facilitate the capital influx for the Rogun hydropower
infrastructure project.
In the interim, the fiscal blueprint for 2025 designates
approximately 4 billion somoni (equivalent to $385 million) for the
purpose of debt servicing obligations.
