Azerbaijan’s Foreign Debt Increases

Azerbaijan’s foreign debt is about $ 4 billion and almost $200 million was paid on foreign loans only in the first quarter of 2011. The total foreign debt including private sector’s debt in Azerbaijan is more than $ 10 billion according to the Center for Economic and Social Development (CESD) estimations. Meanwhile, The Central Bank of Azerbaijan confirms that as of 1 April 2011 Azerbaijani borrowers repaid $ 199.9 million on previously-raised loans.  The Central Bank of... Read More