> ## Content Index > Fetch the complete content index at: https://economist.kg/llms.txt > Use this file to discover other available public pages before exploring further. # Kyrgyzstan's public debt reaches 907 billion som: Who does the country owe and how much? - URL: https://economist.kg/en/kyrgyzstans-public-debt-reaches-907-billion-som/ - Published: 2026-11-08T18:39:36.000Z - Updated: 2026-11-08T18:39:36.000Z - Description: As of late September 2026, Kyrgyzstan's public debt reached 906.98 billion som. External liabilities totaled 461.31 billion som, and domestic debt stood at 445.67 billion som. - Author: Александр Канунников - Tags: Экономика, #en **As of September 30, 2026, Kyrgyzstan's state debt stood at 906.98 billion som, or $10.37 billion. Of this amount, 461.31 billion som accounts for external obligations and 445.67 billion som for domestic ones. The shares of the two components have nearly equaled at 50.9% and 49.1%, respectively.** #### **External debt: Main creditors are China, World Bank and ADB** According to the Ministry of Finance, the volume of external state debt reached **461.31 billion som** at the end of September. The bulk of it falls on concessional loans: **240.65 billion som** for multilateral financing and another **153.32 billion som** for bilateral agreements. Together, this accounts for **85.4%** of external obligations. > The Export-Import Bank of China remains the largest bilateral creditor, with debt owed to it amounting to **119.6 billion som**, or **25.9%** of the external debt. > Among multilateral organizations, the International Development Association (World Bank Group) leads with **87 billion som**, followed by the Asian Development Bank with **82.85 billion som**. These three creditors account for approximately **289.5 billion som**, or 62.8% of external obligations. Among other creditors, the Ministry of Finance lists the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development at 21.24 billion som, the Islamic Development Bank at 18.28 billion som, the International Monetary Fund at 11.12 billion som, and the Japan International Cooperation Agency at 11.1 billion som. The list also includes the Saudi Fund for Development, the German bank KfW, the government of Turkey, the Kuwait Fund for Arab Economic Development, the Export-Import Bank of Korea and other financial organizations. > In addition to loans, the external debt includes **$700 million in Eurobonds**, or **61.21 billion som**. They account for 13.3% of external obligations. Another 5.91 billion som represents debt owed to the European Bank for Reconstruction and Development. Bilateral non-concessional obligations are estimated at approximately 209 million som. #### **Domestic debt: State bonds form the basis** The volume of domestic state debt reached **445.67 billion som**. Almost the entire amount falls on long-term government securities. State Treasury Bonds (STBs) account for **443.39 billion som**, or 99.5% of domestic obligations. > The maturity period of STBs ranges from 2 to 10 years, as well as 15 and 20 years. State Treasury Bills account for another **2.25 billion som**. Another **34.34 million som** represents obligations to depositors of the former Elbank. This is citizen savings debt accumulated before January 1, 1992, which the state assumed after the collapse of the USSR. The Ministry of Finance accounts for it in the public debt structure as a promissory note. --- For comparison: as of July 31, 2026, Kyrgyzstan's state debt stood at **888.2 billion som**. As [reported](https://economist.kg/ekonomika/2026/10/27/byudzhet-kyrgyzstana-2027-2029/) earlier by **Economist.kg**, external obligations accounted for 51.1% at the time, and domestic ones for 48.9%. > Thus, over two months, the total volume of state debt increased by approximately **18.78 billion som**, and the share of domestic obligations grew by 0.2 percentage points. At the same time, over January–October 2026, Kyrgyzstan has already [allocated](https://economist.kg/ekonomika/2026/11/04/gosdolg-vyplaty-2026/) **73.89 billion som** to service the state debt. Of this amount, 47.03 billion som went toward the repayment of the principal debt, and 26.75 billion som toward interest payments. --- Follow the main economic news of Kyrgyzstan — subscribe to [Economist.kg](https://economist.kg/) channels on [Telegram](https://t.me/economist%5Fkg?ref=economist.kg) and [WhatsApp](https://www.whatsapp.com/channel/0029VaUvVed5q08WZEioIN2D?ref=economist.kg). 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