Azerbaijan, Baku, June 17 / Trend , N.Ismayilova/
The percentage of direct state and guaranteed credits and rest investments to the private sector hit 29.7 percent of the total volume of foreign investments to $321.5 million, the Central Bank of Azerbaijan (CBA) balance of payment.
A total of 27 percent ($86.8 million) have been attracted by state and under state guarantee. Some $127.8 million accounts for unwarranted credits. Out of which $26.3 million accounts for loans of International Financial Organizations to financing international oil and gas contract projects. These funds were directed to finance energy resources projects of SOCAR (the State Oil Company of the Azerbaijan Republic) in Georgia and Turkey.
Banks attracted $84 million of unwarranted credits and $17.5 million by enterprises and firms.
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