Fitch expects foreign state debt of Azerbaijan to decrease this year

Fitch expects foreign state debt of Azerbaijan to decrease this year
# 16 May 2021 12:06 (UTC +04:00)

Fitch Ratings International Rating Agency forecasts that ratio of the Azerbaijan’s foreign state debt to GDP will be 18.1% in 2021, APA-Economics reports citing the Agency.

It is 3.7% less in comparison with the previous forecast (November of last year).

Azerbaijan’s foreign debt ratio to GDP is forecasted to decrease by 17.6% in 2022. The previous forecast was 20.2%.

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THE OPERATION IS BEING PERFORMED