BAKU, Azerbaijan, August 22. The amount of Azerbaijan's state-guaranteed debt (domestic and foreign debt) amounted to 11.4 billion manat ($6.7 billion) or 9.4 percent of gross domestic product (GDP) for 2024 as of July 1 this year, Trend reports, referring to the Azerbaijani Ministry of Finance.
According to the information, of the state-guaranteed debt, 9.5 billion manat ($5.6 billion), or 84.2 percent, came from external loans, while 1.8 billion manat ($1 billion), or 15.8 percent, came from domestic loans. $4.3 billion, or 76.7 percent (7.3 billion) of the external debt guaranteed by the state, is the state guarantee issued for the obligations of Southern Gas Corridor CJSC.
As of the reporting date, 51.6 percent of the portfolio of state-guaranteed debt was fixed-rate debt and 48.4 percent was variable-rate debt.
The currency composition of the government-guaranteed debt portfolio was as follows: US dollar (62.6 percent), euro (19.4 percent), manat (12.4 percent), Japanese yen (3.6 percent), and other currencies (2 percent).
About 63.4 percent of state-guaranteed debt is repayable to creditors for up to five years, 24.3 percent for five to ten years, and 12.3 percent for more than ten years.
Some 29.8 percent of government-guaranteed loans are owed to various investors, 5.4 percent to the World Bank, 9.4 percent to the Asian Development Bank, 1.2 percent to the Islamic Development Bank, 5.7 percent to the European Bank for Reconstruction and Development, 3.6 percent to the Japan International Cooperation Agency, eight percent to the Asian Infrastructure Investment Bank, 15.9 percent to domestic creditors, and 21 percent to other creditors.
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