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)******

Moody's brings explanation to the statement of its employee on the Ministry of Finance

Moody's brings explanation to the statement of its employee on the Ministry of Finance

25.05.2017

 

An official statement with the following text was posted by the Moody's international rating agency a few minutes ago:
The Moody's international rating agency wants to clarify that today’s publication on Azerbaijani media outlets does not reflect reality and is misleading and distorting.
Decision of the Moody's international rating agency on assessment of the sovereign rating of Azerbaijan does not cast doubt on validity of data submitted by the Ministry of Finance, but arises from the possibility that restructuring of the International Bank of Azerbaijan may increase state debts higher than expected.