More than 60 percent of external debt of Azerbaijan should be repaid during 20 years
Azerbaijan, Baku, March 12 /Trend A.Akhundov/
The share of loans with fixed interest rate in the external debt of Azerbaijan was 40.4 percent, and 59.6 percent with a variable interest rate on January 1, 2012.
It is stated in a report on the results of the government in 2011, presented to the Parliament.
Public external debt reached $4.817 billion for January 1, 2012, while it stood at $3.857 billion on January 1, 2011.
On January 1 the currency composition of loans on external public debt is as follows: 19 percent in the SDR (Special Drawing Rights), 30.3 percent - euros, 35.9 percent - U.S. dollars, 11.9 percent - Japanese yen, 1,3 percent - the Islamic dinar, 0.8 percent - Saudi riyals, 0.4 percent - the Kuwaiti dinar, 0.2 percent - Swiss francs, 0.2 percent - the UAE dirham.
Some 3.8 percent of external debt must be repaid to creditors in a period of five to ten years, 56.4 percent - from ten to 20 years, 39.8 percent - in a period of more than 20 years.
Some $2.6 billion or 54.1 percent account for loans made directly to the State and operated by the state budget, $1.04 billion or 21.7 percent - loans allocated to the State, passed to executives and returned by executives, $1.17 billion, or 24.3 percent of external debt - external debt for loans secured by government guarantee and serviced directly by individual organizations.