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IMF forecasts less state debt to GDP in Azerbaijan in 2009

Business Materials 13 May 2009 13:09 (UTC +04:00)

Azerbaijan, Baku, May 13 / Trend , N.Ismayilova/

The International Monetary Fund (IMF) forecasts Azerbaijan's state debt of GDP at 11.8 percent, the IMF May regional economic review said.

The average index of debt in Caucasus and Central Asia countries will be at 15 percent of GDP.

According to IMF, the percentage of state debt to Georgia will hit 26.1 percent, Kazakhstan - 11.4 percent, Kyrgyzstan - 51.9 per cent in Tajikistan - 39.2 percent, Turkmenistan - 2.3 percent, Uzbekistan - 10.4 percent and Armenia - 27.7 percent.

Azerbaijan ranges first related to aggregate expenses and received loans to GDP, which according to IMF will make up 44.4 percent in 2009.

The index will hit 33.5 percent in Georgia, Kazakhstan - 27 percent, Kyrgyzstan - 31 percent, Tajikistan - 27.9 percent, Turkmenistan - 16.2 percent, Uzbekistan - 34.9 percent and Armenia - 22.9 percent.

As for April 1, 2009, Azerbaijan's foreign debts reached $2.916,8 million which is 5.3 percent of GDP. This represents Azerbaijan increase of 12.34 percent compared to the same period in 2008. A foreign debt per capita is $333.2.

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