"Our foreign debt accounts for only 17 percent of the GDP. This is the ninth indicator in the world. In the following years, our foreign debt will decline further. Our foreign exchange reserves have grown by $4.5 billion this year, reaching a record high of $50 billion. Our currency reserves exceed our foreign debt more than five times. In other words, this shows the sustainability of the economic and financial opportunities of our country. Industrial production has increased, especially in the non-oil sector, by 14 percent. There is a 7 percent increase in agriculture. So the successful development of our country in all key areas is a reality," the head of state added.
More about: Ilham-Aliyev
