Tajikistan to dierect $173 mln for external debt service
By Aynur Jafarova
Tajikistan will allocate over 827 million somoni ($173.1 million) from the state budget for external debt service in 2014, Avesta reported on December 17 with reference to a source in the Finance Ministry.
Some 494.7 million somoni will be used for main loan service, and 167.7 million for payment of interest rate.
The source said the major part of the attracted loans was directed to implementation of investment economic projects.
"The loans were attracted to implementation of projects in the transport, agriculture and education fields," the source noted.
Tajikistan's main creditors are the World Bank, the Asian Development Bank and the Islamic Development Bank.
"Most of all the Asian and Islamic Development banks invest in real economy of the country in forms of loans and grants," the source said.
"The funds of these finance institutions are mainly directed to the implementation of transport and energy projects which include to the priority directions of the Tajik economy," the source said.
Tajikistan's external debt amounted to $2.1 billion or 25.3 percent of the gross domestic production (GDP) according to the results of the third quarter of 2013. In 2012, this figure was equal to $3.418 billion.
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