Tajikistan’s external debt-to-GDP ratio has reached 35.9%, Tajik Finance Minister Abdusalom Qurboniyon announced at a news conference in Dushanbe.
“As of June 30, Tajikistan’s external debt amounted to $2.27 billion, or 35.9% of the country’s gross domestic product (GDP)”, the minister said.
Qurboniyon attributed increase in the external debt to implementation of a number of loan agreements.
As of December 31, 2015, Tajikistan’s external debt amounted to little more than $2.19 billion and external debt-to-GDP ratio stood at 27%.
Increase in the external debt-to-GDP ratio has reportedly resulted from the devaluation of the national currency, the somoni.
Meanwhile, Tajikistan’s internal debt or domestic debt has reached 2.8 billion somoni.
As of December 31, 2015, the country’s internal debt amounted to 2.57 billion somoni and internal debt-to-GDP ratio reportedly stood at 5.3% of GDP (Asia-Plus/Business World Magazine)