World Bank cuts its forecast for Azerbaijan’s foreign government debt for this year

World Bank cuts its forecast for Azerbaijan’s foreign government debt for this year
  • Clock-gray 10:45
  • calendar-gray 31 March 2021

According to the new forecast of the World Bank, Azerbaijan’s foreign government debt will make up 17,1% of GDP. This is 2,9 percentage point less in comparison to the previous forecast, APA-Economics reports citing World Bank’s new report over the region.

According to the report, this indicator is forecasted to be equal to 16,7% of GDP in 2022, while 16,5% in 2023.

Mirsaid İbrahimzade

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