Foreign debt in Azerbaijan in 2017: realities and perspectives

Abstract

The CESD calculations show that the foreign debt of Azerbaijan is higher than the official figure that has reported . Based on the anonymous survey among CESD’s contacts in the government show that Azerbaijani real foreign debt is double digit billions dollar. That also means that the foreign debt’s share in the GDP in reality is higher than the official figure. The CESD has underlined that Azerbaijan’s foreign debt’s share in GDP became as a double digit number in the GDP first time after the second devaluation of the manat of in the last decade. The country has been able to keep share of the foreign debt in the GDP as a single digit number by 2015 since 2005.