The latest International Debt Report by the World Bank Group shows Iran's foreign debt was $10.349 billion by the end of 2021.
This was noticeably higher compared to the year before when the debt was $5.433 billion.
Iran’s long-term foreign debt reached $1.06 billion at the end of last year, down from $1.313 billion reported in 2020. The data showed short-term debt rose to $2.508 billion in 2021 from $2.067 billion in the year before.
The IDR, formerly International Debt Statistics (IDS), is an annual publication of the World Bank featuring external debt statistics and analysis for the 121 low- and middle-income countries that report to the World Bank Debt Reporting System (DRS).
The report put Iran's use of International Monetary Fund credit at $6.781 billion by the end of 2021, whereas it was at $2.054 billion in 2020.
Iran settled more than $254 million and paid $46 million in interest on its foreign debt in 2022, the group said.
As per the report, Iran's external debt stocks to export ratio stood at 13% in 2021, up by 3 percentage points on the year before. The short term to external debt ratio was 24% in 2021, considerably lower than 38% in 2020.