“Reduction of foreign debt, I think this plan is done. We have a foreign debt which is equal to 6.1% of our GDP,” said President Ilham Aliyev during his speech at the Azerbaijan-Latvia business forum, APA reports.
“Our currency and gold reserves exceed the foreign debt by more than 18 times. So in other words, we could reduce our foreign commitments to zero within probably a couple of months,” the head of state pointed out.
“But of course, there is a big demand for additional investments,” President Ilham Aliyev added.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
