BISHKEK, Kyrgyzstan, August 19. Kyrgyzstan's state debt, including both external and internal, reached $5.738 billion by the end of June 2023, Trend reports.
The internal debt of Kyrgyzstan was $1.245 billion, while the external debt was $4.493 billion, according to the country's Ministry of Finance.
The state debt increased by $71.04 million in a single month. In addition to an increase in internal debt of $67.37 million, the external debt climbed by $3.66 million. The governmental debt would have made up 54 percent of Kyrgyzstan's GDP by the end of June 2023.
Multilateral loans to Kyrgyzstan totaling $2.324 billion made up more than half (51.7%) of the country's external debt.
More than half (51.7 percent) of the external debt consisted of Kyrgyzstan's multilateral loans, totaling $2.324 billion.
Additionally, the country owed $2.114 billion (47.1 percent of the external debt) as bilateral concessional loans. Among these, 38.6 percent of the nation's external debt was attributed to its obligations to the Export-Import Bank of China.
According to Umutzhan Amanbaev, the head of the Public Debt Department at the Ministry of Finance of Kyrgyzstan, the volume of Kyrgyzstan's external state debt is projected to decrease to 68.6 percent of the country’s debt portfolio by the end of 2028.
