Tajikistan has spent quite a large volume of foreign borrowings on development of infrastructure and these resources will help recoup borrowings, Ms. Farida Muminova, the deputy head of the Center for Strategic Studies (Center) under the President of Tajikistan, told reporters in Dushanbe on July 10.
According to her, part of borrowings has gone to finance enhancement of infrastructure that will allow lowering shipping costs that, for its part, will promote increase in cargo carriages.
Meanwhile, as of April 1, Tajikistan’s external debt has amounted to nearly 2.3 billion U.S. dollars, with more than 2.1 billion U.S. dollars of it being state debt.
Government-guaranteed debts amount to 23.3 million U.S. dollars.
Debts of state-owned enterprises without government guarantees have reached 31.5 million U.S. dollars.
The debts of the National Bank of Tajikistan (NBT) now amount to 121.6 million U.S. dollars. Tajik central bank owes 108 million U.S. dollars to the International Monetary Fund (IMF), 9 million U.S. dollars to China and 4.6 million U.S. dollars to the Islamic Development Bank (IsDB).
Meanwhile, Tajikistan intends to borrow another 215 million U.S. dollars this year despite unsettled debts.
The national budget this year allocated about 140 million U.S. dollars for the external debt service.
China remains Tajikistan’s largest creditor; China accounts for more than a half of Tajikistan’s external debt – about 1.2 billion U.S. dollars.
Besides, Tajikistan owes 294 million U.S. dollars to the World Bank (WB), 225 million U.Ss dollars to the Asian Development Bank (ADB), 110 million U.S. dollars to the IsDB and 108 million U.S. dollars to the IMF.
