Bank Of Baku

Azerbaijan pays-off $ 317 mln government debt, last year

Azerbaijan pays-off $ 317 mln government debt, last year
# 10 March 2011 13:21 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan has used $ 735.1 mln of loan borrowed from foreign financial-credit organizations, last year.

Cabinet of Ministers says as of January 1, 2011, the external public debt of Azerbaijan was $ 3 857.3 mln, up 12.7% compared to a year ago. Amount of allowances on signed agreements for involving of loan for investment projects made $ 8 563.4 mln and of this, 4 310.9 mln was used.

At the same time, the preferential credit in used loan was $ 1 984.6 mln.

Besides, $249.6 main debt has been paid-off, $ 66.9 mln interest payments implemented, in 2010.
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