As of the end of June 2023, 88% of Azerbaijan’s external debt, amounting to $ 6 billion 576.9 million is expressed in dollars. This was reported by the Ministry of Finance. The report says that a share of the euro in the debt structure was 5.2%, the Japanese yen -2.8%, other currencies -0.6%, and XBH (special loan rights of the International Monetary Fund) – 3.4%. Variable-rate liabilities accounted for 42.4% of the external debt, and fixed-rate liabilities – 57.6%. At that, 49.4% of the external public debt is subject to repayment to creditors for up to 5 years, 42.6% – for a period of 5 to 10 years and 8%-for a period of more than 10 years. The external public debt consists of loans from international financial organizations for infrastructure projects and financing programs, as well as the outstanding balance of funds actually used at the reporting date on government securities placed on international financial markets. As of July 1 of this year, the external public debt amounted to 10% of the projected gross domestic product (GDP) for 2023. During the first half of this year, in view of the funds raised, the fulfillment of the main debt obligations, as well as changes in foreign exchange rates, the external public debt declined by 116.3 million US dollars or by 1.7%.
Source: Turan News Agency