Tajikistan’s total public debt stood at $3.4 billion as of July 1, 2026, equivalent to 16% of the country’s gross domestic product, according to the Ministry of Finance.
External borrowing accounted for $2.9 billion, or 85.5% of the total public debt, while domestic debt amounted to approximately $490.4 million, or 14.5%.
Since the beginning of the year, Tajikistan’s public debt has decreased by about $100 million. The debt-to-GDP ratio fell from 19.7% to 16%, a decline of 3.7 percentage points.
Over the same period, the country’s external debt decreased from $3 billion to $2.9 billion and now represents 13.7% of GDP.
Tajikistan spent $270 million on debt servicing
In the first half of 2026, Tajikistan spent $270.3 million on servicing its external debt.
Of this amount, $230.1 million was used to repay the principal, while $40.2 million was paid in interest.
The Ministry of Finance said the government was meeting its financial obligations in line with the approved schedule and had no overdue debts to international financial institutions or foreign governments.
China remains Tajikistan’s largest creditor
The Export-Import Bank of China remains Tajikistan’s largest external creditor.
During the first half of the year, Tajikistan’s debt to the bank decreased from $738 million to $690 million — a reduction of $48 million, or about 6.5%.
The Chinese bank currently accounts for approximately 23.8% of Tajikistan’s total external debt.
Other major creditors include the World Bank, to which Tajikistan owes more than $390 million; the Islamic Development Bank, with over $270 million; the Asian Development Bank, with approximately $230 million; and the European Bank for Reconstruction and Development, with nearly $228 million.
As of January 1, 2026, Tajikistan’s total public debt stood at $3.5 billion, equivalent to 19.7% of GDP. External debt accounted for approximately $3 billion, while domestic debt stood at around $500 million.
