Azerbaijan, Baku, December 7 / Trend N.Ismayilova /
As of October 1, 2010, the external borrowings of Azerbaijan attracted under state guarantee reached $3736,8 million, making up 7.9 percent of GDP, the Azerbaijani Ministry of Finance said. The external debt per capita is $415,32.
External borrowings of the country under a state guarantee on the signed agreements reached $8,751.1 million. It hits 18.6 percent of GDP. The figure hits $972.63 per capita.
For the three quarters, $498,73 million loans were used. The expenditure on servicing external debts amounted to $207,15 million. At the same time, the share of the main debt totaled $168,39 million, and interest rates - $38,76 million.
Roughly $114.56 million were spent to repay the loans through the budget funds.
In the structure of external debts, 8.3 percent ($310.02 million) accounted for loans aimed at economic reforms, of which $50.19 million (1.34 percent) - borrowing from the IMF, $259.83 million (6.95 percent) - WB. Most of loans was attracted to finance investment projects - $3426,82 million (91.7 percent).
Roughly 38.31 percent ($1.4316 billion) of these funds were spent for the energy sector, 3.58 percent ($133.74 million) - for agriculture, 29.33 percent ($1,096.06 million) - road construction and transport, 8.71 percent ($325.65 million) - reclamation and water supply, 5.65 percent ($211.03 million) - the sphere of chemical and oil and gas sector, 4.35 percent ($162.52 million) - social sphere and 1.77 percent ($66.22 million) - other spheres.
Roughly 4.15 percent ($363.38 million) accounted for the loans directed to economic reforms in the structure of the funds drawn by the signed agreements. Roughly $85.47 million (0.98 percent) fall to borrowing from the IMF, $277, 91 million (3.18 percent) - WB. Roughly $8,387.74 million (95.85 percent), including 28.4 percent ($2,485.38 million) were directed to the energy sector, 1.86 percent ($162.79 million) - agriculture, 40.68 percent ($3,559.72 million) - roads and transport, 15.95 percent ($1,395.7 million) - the sphere of land reclamation and water supply, 3.86 percent ($337.88 million) - the chemical and oil and gas sector, 3.53 percent ($308.58 million) - the social sphere and 1.57 percent ($137.69 million) - in other spheres of the total amount of borrowing for financing the investment projects.
The official exchange rate is 0,7995 manat to $1.