Uzbekistan’s external debt topped US$ 27.6 billion as of July 1, 2020, having increased by 12.7% or by US$ 3.1 billion YTD, the Central Bank said in a report.
The increase is due to attracted loans aimed at mitigating the socio-economic impact of the crisis caused by the outbreak of the COVID-19 pandemic and at financing government programs for the development of economic sectors and provinces.
the first half of 2020 the public sector debt increased by US$ 1.7 billion, while the private sector debt increased by US$ 1.4 billion, mainly due to increased borrowing by banks.
It is noted that in the first half of 2020, the private sector attracted US$ 2.1 billion worth of loans. Loans were mainly borrowed by banks - US$ 1.8 billion, textile enterprises - US$ 71 million and enterprises of other sectors of the economy - US$ 154 million.