The national debt totaled $10.37 billion. To whom does Kyrgyzstan owe money, and how much?

As of September 30, Kyrgyzstan’s national debt stood at 906.98 billion KGS, or $10.37 billion. Nearly half of this amount consists of domestic debt, according to data from the Ministry of Finance.

External debt totaled $5.28 billion, or 50.9% of total debt. Domestic debt totaled $5.10 billion, or 49.1%.

The largest external creditor is the Export-Import Bank of China, to which Kyrgyzstan owes $1.37 billion. This represents 25.9% of the external public debt. Next are the International Development Association (a member of the World Bank Group) and the Asian Development Bank. Together, these three creditors account for $3.31 billion—nearly 63% of the external debt.

Other creditors include the European Bank for Reconstruction and Development, to which the country owes $67.63 million; the German bank KfW—$54.49 million; the Asian Infrastructure Investment Bank—$48.29 million; and the Turkish government—$45.91 million.

Most of the external debt—85.4%—consists of concessional loans. Eurobonds account for another 13.3%, with the remainder consisting of non-concessional loans.

The country’s domestic debt consists primarily of government bonds. Liabilities on treasury bonds total 443.39 billion KGS, while those on treasury bills total 2.25 billion KGS. An additional 34.34 million KGS are recorded as debt owed to Elbank depositors.

The total public debt equals 38.55% of Kyrgyzstan’s projected GDP for 2026.