Azerbaijan’s external public debt/GDP ratio makes 8.6%

Azerbaijan’s external public debt/GDP ratio makes 8.6%
# 18 February 2015 08:36 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of January 1, 2015, Azerbaijan’s external public debt made $ 6 bln 478.2 mln (AZN 5 bln 081.1 mln), external public debt/GDP ratio – 8.6%.

7.3% of credits were allocated for 10 years, 60.2% - for 10-20 years, 32.5% - for 20 years and more.

9.9% of external debts are in SDR (special drawing rights), 64.8% in USD, 21.4% in Euro, 2.1% in Japan yen, 0.7% in Islam dinar, 0.4% in Saudi riyal, 0.5% in UAE dirham, 0.2% in Kuwaiti dinar.

The funds borrowed mainly from WB, Japan International Cooperation Agency, ADB, IDB, EBRD and other international financial organizations were spent to support of economic reforms programs in Azerbaijan, restoration and restructuring of infrastructure, construction of power stations, road construction, improvement of water supply of the regions, aviation and railway transport services, industry and energy and other spheres.

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