According to the Central Bank's report, Uzbekistan's total external debt as of July 1, 2026, amounted to $84.1 billion. Over the year, this external debt increased by $11.9 billion, corresponding to a growth of 16.5 percent.
The main growth occurred in the second half of 2025. Since the beginning of the current year, external debt has increased by approximately $1.9 billion, or 2.3 percent, compared to $82.2 billion on January 1.
Government external debt grew by 13.3 percent, reaching $41.7 billion from the previous $36.8 billion over the year. Corporate external debt increased by 19.8 percent, totaling $42.4 billion compared to $35.4 billion. Since the beginning of the year, these figures have risen by $1.2 billion and $700 million, respectively.
The report emphasizes that the composition of corporate external debt includes external loans attracted by the private sector, specifically business entities, without a state guarantee. The Central Bank noted that there are no state obligations regarding corporate external debt; payments on such loans are made from the own funds of economic entities and banks.
The remainder of the government external debt includes unpaid interest. Additionally, the value of sovereign international bonds is recalculated as of the report date based on market prices.
