Foreign debt in Azerbaijan: realities and perspectives

Foreign debt in Azerbaijan: realities and perspectives According to the Central Bank of Azerbaijan (CBA), the external public debt of the country constituted $ 9,017 billion US in January 2017 (http://www.cbar.az/assets/4269/PSI_-_2016_-_son.pdf). CBA has announced that the country’s foreign reserve is 4.1 time more than the total foreign debt. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.... Read More