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Azerbaijan's foreign debt tops $7bn

Wed 11 November 2009 | 09:03 GMT

Azerbaijan's total foreign debt was $7.39 billion as of 1 October 2009, Finance Minister Samir Sharifov told.

He said that the debt is 8.7% of Gross Domestic Product as forecast for 2009.

“Foreign debt at the level of 8-9% of GDP, which is the case in Azerbaijan, is one of the lowest figures in the world,” Ziyad Samedzade, chairman of  parliament's economic policy committee, said.

Fineko/abc.az
 


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