Azerbaijan signed loan agreements amounted to USD 13 bln. with international financial institutions so far

Azerbaijan signed loan agreements amounted to USD 13 bln. with international financial institutions so far
  • Clock-gray 16:28
  • calendar-gray 12 March 2021

As of January 1, 2021, Azerbaijan signed loan agreements with international  financial and credit institutions totaling $ 13.031 billion in US dollar equivalent given directly to the government and served at the expense of the state budget, it has been reflected on consolidated report of the Cabinet of Ministers on activity in 2020, APA-Economics reports.

The mentioned amount was signed within the framework of 210 loan agreement on 168 project and program. According to the report, totally, principal debt amounted to about USD 3,732 bln. on loans used as of January 1, 2021 was returned.

Mirsaid İbrahimzade

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