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 January 1st, 2018

Information on external public debt as of January 1st, 2018

14.02.2018

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 (GDP) ratio stands at 22.8 percent (based on 2017 GDP of AZN 70,135.1 mln). The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
The external public debt comprises of loans attracted from international financial institutions to finance infrastructure projects and programmes, as well as government bonds issued in the international financial markets.