Moody's announces its forecast for Azerbaijan's foreign government debt this year

Moody's announces its forecast for Azerbaijan's foreign government debt this year
  • Clock-gray 12:33
  • calendar-gray 16 November 2020

Moody's Investors Service has forecasted that Azerbaijan's foreign goverment debt to GDP ratio will amount to 19.7% this year, APA-Economics reports citing Moody's.

This is 0.8% points more than compared to the previous year.

Note that as of January 1, 2020, Azerbaijan's foreign government debt amounted to $ 9,091 billion or 18,9% of GDP.

 

Mirsaid İbrahimzade

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