Azerbaijan’s Foreign Debts Endanger Its Post-Oil Boom Future

Foreign debt to non-oil GDP ratio reached 29 % in Azerbaijan Azerbaijan’s foreign government debt rises 17% in 2011 Azerbaijan’s foreign government debt made $ 4,512.6 million, up 17% from year earlier as of July 1, 2011. Ministry of Finance announced foreign government debt/GDP ratio makes 8.1%, up 0.7 percentage points, compared to a year ago. Center for Economic and Social Development (CESD) experts mentioned that  in spite of the fact that debt/GDP ratio is low in Azerbaijan,... Read More