Azerbaijan's external debt stands at $230 per capita

The Finance Ministry told APA-Economics that $378.8 million (19.1%) of the loans were received for economic reforms (World Bank $260.7 million (13.1%), IMF $118.1 million (6%)).

Loans received for pending investment projects amounted to $1.5996 (80.9%), of which $749.2 million (37.9%) for electricity generation sector, $148.8 million (7.5%) for rural development and melioration, $320 million (16.2%) for roads and infrastructure, $35(1.8%) for chemical industry, $26.8 million (1.4%) for oil and gas sector, $40.9 million (2%) for rehabilitation of the lands liberated from Armenia's occupation, $160 million (8%) for social sphere and $119 million (6%) for other fields.

$22.7 million was spent during the period of January-March.

For the first quarter, the country's foreign debt service was $40.7 million ($30.3 million for capital repayment and AZN $10.4 million for interest repayment), as well as $12.5 million was taken from the state budget.

$14.5 million was earmarked to service the capital debt owed to the International Monetary Fund.