Azerbaijan, Baku, Oct. 27 / Trend N.Ismayilova /
The International Monetary Fund (IMF) predicts an increase in the official foreign currency reserves of Azerbaijan up to $6.9 billion in 2010, the October 2010 Regional Economic Outlook: the Middle East and Central Asia" says.
Based on the report, the strategic currency reserves of the Central Bank of Azerbaijan (CBA) will amount to $8.1 billion in 2011. In 2009, the figure was $5.4 billion.
Earlier, CBA Chairman Elman Rustamov said the currency reserves will amount to $6.5 billion in late 2010 and $ 8 billion- late 2011.
According to the IMF, Azerbaijan's public debt will be 8.9 percent of GDP in 2010 compared to 7.9 percent in 2009. In 2011, the Fund expects this figure to be 8.7 percent of GDP.
The capital adequacy ratio in the banking system (share of assets at risk) will decrease from 2009 level of 17.7 percent to 17.3 percent in 2010 and 17.2 percent in 2011.
The percentage on efficiency of assets is projected at 1.3 percent for 2010 and 1.2 percent in 2011 compared to 2.2 percent in 2009.
The fund predicts the proportion of non-business loans in 2010 and 2011 at 3.8 per ent of the total loans issued to the country's banking sector compared to 3.5 percent in 2009.
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