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Central Asia’s External Debt Rises 34.9% in Five Years, Kazakhstan Holds Largest Share

External debt of Central Asian countries excluding Turkmenistan increased by 34.9% over the past five years, reaching nearly $290.8 billion in 2025, according to data from the CIS Statistical Committee and the Eurasian Economic Commission. Kazakhstan accounts for the largest share of regional debt, while Uzbekistan recorded the fastest growth over the same period, according to the Ranking.kz analytical website on June 18. [...]