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Azerbaijan signs 8 loan agreements with international financial-credit organizations in amount of $1.406 bln

06 March 2013 11:22 (UTC +04:00)

According to report, in 2012, 8 loan agreements in amount of $1,405.72 mln were signed with the international financial-credit organizations. Of this, 1 loan agreement ($30 mln) was signed with World Bank, 2 ($500 mln) – with Asian Development Bank, 1 ($200.05 mln) – with Islamic development Bank, 3 ($ 135.46 mln) – with German Development Bank (KfW) and 1 ($540.21 mln) – with Czech Consortium of Banks.

In general, $ 6.899 bln or 58.7%, from the loans was spent, including $1.246 bln in 2012. As of January 1, 2013, $ 1.190 bln was repaid. As of January 1, 2013, the rest of external debt given on the basis of state guarantee made $5,708.8 mln.

6.8% of external public debt will be repaid to creditors during the period of from 5 years to 10 years, 46.3% - from 10 years to 20 years, 46.9% - from over 20 years.