Minister of Finance of the Republic of Azerbaijan Samir Sharifov made a business visit to the Islamic Republic of Pakistan, the United Arab Emirates (UAE) and India on February 19-21***As of January 1st, 2018, the external public debt of the Republic of Azerbaijan constituted 9,398.3 million US dollars (equivalent 15,978.1 million manat). The Debt to the Gross Domestic Product ratio stands at 22.8 percent (based on 2017 GDP of AZN 70,135.1 mln)******

Information on external public debt as of July 1st, 2016

Information on external public debt as of July 1st, 2016

01.08.2016

As of July 1st, 2016, the external public debt of the Republic of Azerbaijan constituted 7,638.6 million US dollars equivalent (11,758.9 million manat). The Debt to the Gross Domestic Product (GDP) ratio stands at 20.0 percent. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
The external public debt is predominantly attracted from the World Bank, Asian Development Bank, Islamic Development Bank, European Bank for Reconstruction and Development, Japanese International Cooperation Agency and other financial institutions to finance projects in the economy as well as the issuance of bonds in the international capital markets.