Till end of 2016 Azerbaijan’s foreign debt to reach 30.2% of GDP

According to the updated forecasts of WB, Azerbaijan’s foreign debt to constitute 30.2% of GDP till the end of the year.

According to the Azerbaijani government, by early this year the country’s foreign debt constituted 19.8% of GDP. Last year this index was slightly over 8%.

According to the WB’s analysts, the country’s debts will keep on growing in mid-term.

In 2017 Azerbaijan’s debt to make 35.6% of GDP and by 2018 – 54.7% of GDP.—0--

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