Bank Of Baku

Azerbaijan’s external public debt reaches $ 4.753 bln

Azerbaijan’s external public debt reaches $ 4.753 bln
# 28 February 2014 12:19 (UTC +04:00)

8.1% of credits were allocated for 10 years, 43.6% - for 10-20 years, 48.3% - for 20 years and more.

 

11.7% of external debts are in SDR (special drawing rights)? 47.1% - in USD, 28.8% - in Euro, 9.5% - in Japan yen, 2.9% - in other currencies, including UAE dirham, Islam dinar,  Saudi riyal, Kuwaiti dinar and Swiss franc.

 

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.

 

External public debt/GDP ratio is 14.1% in Turkey,32.9% in Georgia, 79.8% in Hungary, 34.3% in Slovakia, 40.2% in Czech.  

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