State external debt of Kyrgyzstan to the Export-Import Bank of China is $1,794.12 billion. The Ministry of Finance reported.
According to the ministry, the amount is equivalent to 147,304.94 billion soms.
This year the Cabinet plans to pay $111.73 million to Eximbank.
According to the forecast, an increase in servicing the state external debt to Eximbank will begin in 2025 and reach its peak in 2027, followed by a decrease.
The Ministry of Finance fulfills all its obligations to foreign creditors on time and in full, the officials assure.
Earlier, the President commented on the country’s huge foreign debt.
«This year we have to repay the external debt of 23 billion soms. Next year we will pay the debt of 25 billion soms. Thus, over the next 10 years, we will repay debts accumulated over 30 years. If we don’t pay it, we will lose our statehood. We took credits and stole half of them. Plus, even worse — the interest rate, we also have to pay it. I don’t think that anyone has ever said that we were facing the threat of losing our statehood,» Sadyr Japarov said.
Akylbek Japarov, the head of the Cabinet of Ministers, said that 50 percent of the external debt are the loans taken from the Chinese Export-Import Bank (Eximbank).
