Translated with AI
The volume of Tajikistan's external debt as of April 1, 2025 amounted to $3 billion 101 million, which is $87 million (2.7%) less than at the beginning of the current year. This was reported by the Ministry of Finance of the Republic.
According to the published data, the bulk of the debt is public debt – 95.6% of the total. Another 4.4% are liabilities secured by state guarantees.
Tajikistan's largest creditor remains the People's Republic of China: its share is approximately $1 billion. The republic also owes significant amounts to international financial institutions such as the World Bank, the Asian Development Bank, the Islamic Development Bank, and the European Bank for Reconstruction and Development.
A separate item remains the outstanding debt on Eurobonds in the amount of $500 million, issued in 2017 to finance the construction of the Rogun hydroelectric power station.
The state budget for 2025 allocates about 4 billion somoni (approximately $385 million) for servicing and repaying external debt. Of this amount, more than 3 billion somoni are allocated to repay the principal debt, and about 1 billion somoni are allocated to pay interest obligations. In addition, state-owned enterprises that received loans guaranteed by the government must pay an additional 1.4 billion somoni (approximately $135 million).
The authorities expect that the volume of external debt may increase this year due to the ratification of agreements on new loans. In particular, the latest message from Tajik President Emomali Rahmon indicates that it is planned to attract over 33 billion somoni ($3 billion) from international partners to complete the construction of the Rogun hydroelectric power station, including preferential loans in the amount of 20.5 billion somoni ($1.9 billion) and grants in the amount of 12.5 billion somoni (more than $1.1 billion).
