Today.Az » Business » Azerbaijan's external debt makes $2,596,500,000
14 May 2008 [09:08] - Today.Az
The external debt of Azerbaijan made $2,596,500,000 as of April 1 of 2008 which is a 6.4% of the country's GDP.
Day.Az reports with reference to the finance ministry of Azerbaijan that the per capita debt makes $300.9.
$32 mln of raised credits was used in the first 3 months of 2008.
At the same time, the expenses for repayment of external debt made $40.7 mln, including main debt $33.8 mln, interests $6.9 mln, including $14.3 mln from the budget, repayment of main debt to the International Monetary Fund $10.2 mln.
The structure of Azerbaijan's debt is as follows:
1. Credits for economic reforms $377.7 mln (share in the total amount 14.5%),
including:
-International Monetary Fund -$94.3 mln (3.6%)
-World Bank-$283.4 mln (10.9%)
2. Credits for investment projects-$2,218.8 mln (85.5%)
including:
-Electric energy sector-$945.7 mln (36.4%)
-Agriculture and melioration-$200.4 mln (7.7%)
-Road construction and transport-$471 mln (18.1%)
-Chemical industry-$41.2 mln (1.6%)
-Oil and gas sector-$170.7 mln (6.6%)
-Reconstruction of released lands $56.3 mln (2.2%)
-Social spheres-$189.8 mln (7.3%)
-Other spheres-$143.7 mln (5.6%).
/Day.Az/
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