Bank Of Baku

Azerbaijan’s external debt reaches 8% of GDP

 Azerbaijan’s external debt reaches 8% of GDP
# 18 October 2013 10:48 (UTC +04:00)

Total amount of Azerbaijan’s external debt on the loans used on the basis of those agreements made $5.5 bln. According to loans used over signed agreements, the external debt makes 7.9% of GDP, per head external debt stood at $587.3.

 

8.3% of external debt must be repaid within 10 years, 48.7% - within the period from 10 years to 20 years and 43.0% - within the period over 20 years.

 

$ 442.5 mln of funds on loan agreements were used during 6 months of 2013. Most these funds have been directed to financing of investment projects, as well as power stations, road, sewerage construction, water supply, irrigation and drainage works and etc. 

 

As of July 1, the internal debt was equal to $ 2.6 bln.

 

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