Over $ 3.2 billion (almost half) is accounted for by short-term loans in the stricture of Azerbaijan’s external debt. This follows from the data of the Ministry of Finance of the country. As of July 1, 2023 , the total volume of Azerbaijan ‘s external debt was $6 billion 576.9 million (1.7 percent less than at the beginning of the year) or 10 percent of the projected GDP for the current year, with 49.4% of the debt coming from funds raised with a maturity of up to 5 years. Loans with a maturity of 5-10 years accounted for 42.6% of the debt structure, and the remaining 8% were long-term loans (for a period of more than 10 years). According to the Ministry of Finance, by the end of 2023, Azerbaijan’s external debt may amount to $6 billion 381 million. As of the end of 2022, according to S and P Global Ratings, Azerbaijan’s direct public debt was estimated at about 11% of GDP (4.5 percent less than 2021). About a quarter of this debt was domestic debt denominated in local currency, and the rest is foreign debt denominated in foreign currency
Source: Turan News Agency