Iran's external debt revealed
Baku, Azerbaijan, Oct. 10
By Elnur Baghishov - Trend:
Iran’s external debt amounted to $11.885 billion for the first three months of the Iranian calendar’s year (started March 21), according to recent statistics from the Central Bank of Iran, IRNA reported.
During the reporting period, Iran’s short-term debt amounted to $3.957 billion, while the medium-term and the long-term debt stood at $6.484 billion.
If $1.444 billion of overdue loans are added to this figure, the debt will reach $11.885 billion.
Economic experts say that contrary to public opinion, the increase in debt of a country from a global point of view is considered as the country’s affordable financial power. Rapid growth of external debt, along with effective governance and simplification, will reflect the positive prospects of trade and economic agreements with other countries.