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... Read More

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... Read More

Azerbaijan’s foreign debt-to-GDP ratio became to double-digit number the first time in the last decade

Azerbaijan’s foreign debt-to-GDP ratio became to double-digit number the first time in the last decade Azerbaijan’s foreign public debt amounted to 7.05 billion manat which accounts for 12.4 percent of the country’s GDP, the Azerbaijani Ministry of Finance has reported. The message said that the statistics on the loans included direct obligations of the state and contingent liabilities on loans under state guarantee. Of the total volume... Read More

New Decline in the Azerbaijan’s currency reserves

New Decline in the Azerbaijan’s currency reserves The Central Bank of Azerbaijan (CBA) has reported that foreign currency reserves declined from $ 8.52 billion US in June 2015 to $ 8.43 billion US in July 2015. Decline of CBA currency reserves in July 2015 totaled $18.9 million US (-0.2%). In 2015 their fall is still $5.257 billion US (-38.2%). Since August 2014 they have fallen by $ 6.69 billion US (-44%). For comparison, CBA currency reserves... Read More

Azerbaijan’s Foreign Debt Increased by 5.1 % in 2014

Azerbaijan’s Foreign Debt Increased by 5.1 % in 2014 The foreign state debts of Azerbaijan made 6,380 billion dollars (5,005 billion manat) and the ratio of the foreign state debts on the Gross Domestic Product (GDP) was 8.5 percent for October 1, 2014. The country’s foreign debt increased by 5.1 % in 2014. The total debt was 4,753 billion manat and share of the debt in GDP was 8.2 % in January, 01, 2014. Ministry of Finance reports that 7.4%... Read More