Bank Of Baku

Azerbaijan increases foreign debt by 9%

Azerbaijan increases foreign debt by 9%
# 06 December 2010 11:21 (UTC +04:00)
According to Ministry of Finance, the per head foreign debt on used credits made $ 415.32, up 10% from year earlier.

The main part of credits allocated by government and state bodies is related with implementation of investment projects. Thus, the volume of such credits makes $ 3 426.82 mln or 91.7% of total foreign debt.

Sum of foreig debts directed to economic reforms made $ 310.02 mln, down 5.2% compared with a year ago. Of this, $259.83 mln was allocated by World Bank, $ 50.19 mln by IMF.

Totally, used credits during January-September, 2010 made $ 498.73 mln, down 22.9% compared to e year ago.
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