Azerbaijan, Baku, 8 November / Trend corr. I.Khalilova / On 1 October in 2008, external debt of Azerbaijan reached $2798.5mln, which makes up 6.9% of GDP, the Azerbaijani Ministry of Finance said. Amount of external debts rose by 14% as compared to the beginning of 2008.
External debt falling on per head amounts to $324.3.
A total of $477.6mln loan was spent from January to September. Expenditures on external debt service made up $201.8mln. Moreover, $157.6mln falls on main debt and $44.2mln - on interests. Some $88.2mln was directed to repay loans through the budget means.
A total of 12.5% ($350.2mln) of external debt falls on loans, directed to economic reforms, and $81.9mln of this amount (2.9%) belongs to debts of the IMF, as well as $268.3mln (10.8%) - the WB. Main part of loans was involved to finance investment projects - $2448.3mln (87.5%). Furthermore, 39.5% ( $1105.9mln) of the amount was spent to energy sector, 7.8% ($216.9mln) - agriculture and reclamation, 20.9% ($585.3mln) - road construction and transport, 1.4% ($38.8mln) - chemical industry, 5.8% ($161mln) - oil and gas sector and 6.9% ($192.9mln) - social fields.
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