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 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