As of late 2007, Azerbaijan’s foreign debt to gross domestic product (GDP) ratio was 8.3% and per capita external debt stood at $262, according to the Ministry of Finance.
The ministry said the government-secured debts were received (11.7%) for economic reforms and 88.3% for investment projects, including 30.7% for power generation sector, 26.6% for roads and infrastructure, 6.4% for rural development and melioration, 13.1% for social activities, 4.6% for oil, gas and petrochemicals sector and 6.8% for other fields.
/APA/