Tashkent, Uzbekistan (UzDaily.com) -- The state debt of Uzbekistan, attracted under state guarantees in foreign and domestic markets, as of 1 October 2020 made up US$20.8 billion, or 36.8 percent of GDP. This was reported by the Ministry of Finance of Uzbekistan.

Uzbekistan’s external debt is US$18.5 billion or 32.8 percent of GDP. The external debt compared with the beginning of this year increased by 18% or US$2.8 billion.

Domestic debt increased by 6.2% to 23.6 trillion soums (US$2.3 billion) or 6.7 percent of GDP.

In particular, Uzbekistan’s debt to the Asian Development Bank is US$4.5 billion, the World Bank - US$3.1 billion, the China Export-Import Bank - US$2.2 billion, the Japan International Cooperation Agency - US$1.9 billion, the China State Bank development - US$1.8 billion, the Islamic Development Bank - US$0.9 billion and other international financial institutions - US$2.8 billion

According to the Ministry of Finance, 70% of Uzbekistan’s external debts were attracted in US dollars, 11.8% in Japanese yen, 10.5% in SDRs, 4.4% in euros and 3.2% in other currencies.

At the same time, 14.7% of the attracted funds (US$2.7 billion) were directed to the development of the energy sector, 13.8% (US$2.6 billion) - to the development of the electric power industry, 12.6% (US$2.3 billion) - to the development of transport infrastructure and 10.5% (US$2 billion) for the development of the housing and utilities sector.

In the reporting period, Uzbekistan allocated US$2.9 billion to support the budget.

For the nine months of 2020, Uzbekistan sent US$765.9 million to service external debts: US$458.2 million to repay the debt and US$307.7 million – interests on attracted loans.