S&P: Azerbaijan’s foreign liquid assets to prevail over foreign debt

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25 July 2020

Despite of growth of foreign pressures, the country’s strong foreign balance strengthened by foreign assets collected in the State Oil Fund of the Republic of Azerbaijan will remain the main rating strength, APA-Economics reports citing the S&P international rating agency.

According to the assessment of the rating agency, the country’s foreign liquid assets will prevail over foreign debts in 2020 and will remain stable until 2023.

The agency forecasts that Azerbaijan’s real GDP will decrease by 6.9% in 2020 before increasing by approximately 3% in 2021.

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THE OPERATION IS BEING PERFORMED