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

$ 1100 debt per capita in Azerbaijan

$ 1100 debt per capita in Azerbaijan “There are slight restrictions in the budget of Azerbaijan for annual amount of internal and external debts. The wall for domestic debt is 1.2 billion AZN ($1,53 billion US) and 2.3 billion AZN ($ 2,95 billion US) for external one. According to official statistics, the domestic debt of Azerbaijan is more than 3 billion manat (3,85 billion US), which concerns the external debt, it is equal to about 4.7 billion... Read More