Tajikistan’s debt to Uzbekistan restructured

The source said that an agreement "On conditions for the second restructuring of the Tajik government’s debt obligations to the government of Uzbekistan" had been signed in Tashkent last week.

In line with the clauses of the agreement, the repayment period of the state debt was prolonged up to 2014. Thus, the annual payment will be over US11 million.

According to data by the Finance Ministry, the state debt stood at US$66 million based on the results of the third quarter. The annual interest rate of the Uzbek debt is 0.8%.