Azerbaijan has lowest foreign debt among CIS, Central and Eastern Europe countries
Azerbaijan, Baku, Sept.29 / Trend, N. Ismayilova /
Azerbaijan's foreign borrowings under the state guarantee within the signed loan agreements hit $7.5 billion, Azerbaijani Finance Minister Samir Sharifov said today.
"This is quite a reasonable level of foreign debt, and we are quite successfully servicing it. Level of Azerbaijan's foreign debt in all parameters is considered one of the lowest in the CIS, Central and Eastern European countries, so there is no special problem," Sharifov said.
According to him, amount of foreign debt can change due to the fact that some of borrowings were attracted in other foreign currencies. And changes in the total amount of debt can be observed due to the growth of euro rate, he said.