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 to widen on low oil prices

Foreign Debt in Azerbaijan to widen on low oil prices Foreign state debt of Azerbaijan amounted to 7,449 billion US dollars (11,4867 billion manat) as of April 1, 2016. The ratio of external debt to GDP ratio is 21.0 %. According to the Ministry of Finance of Azerbaijan, debt structure includes direct obligations of the state and contingent liabilities on borrowed loans under the state guarantees. Thus, 82.3% of public debt raised from the World Bank,... Read More