Foreign debt in Azerbaijan: realities and perspectives

Foreign debt in Azerbaijan: realities and perspectives According to the Ministry of Finance of Azerbaijan Republic, the external public debt of the country constituted $ 7,651 billion US (12,402 billion manat) in October 2016. The ministry has reported that the debt to the Gross Domestic Product (GDP) ratio stands at 20.1 percent. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees. The CESD... Read More