Azerbaijan

  13 November 2015    Read: 781
Azerbaijan
Azerbaijan`s foreign debt made $6,730,900,000 (AZN 7,054,000,000) as of October 1, foreign state debt to GDP ratio makes 12.4%, the press service of the Finance Ministry told.
8% of loans were raised for 10 years, 58.6% for 10 to 20 years, 33.4% for over 20 years.

The funds mainly raised from the World Bank, Japan International Cooperation Agency, Asian Development Bank, Islamic Development Bank, European Bank For Reconstruction and Development and other international financial institutions.

Funds were used for support of programs of economic reforms, rehabilitation and reconstruction of infrastructure, construction of roads, improvement of water supply to the regions, development of railway services, as well as industry and other spheres.

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