Azeri foreign debt reaches USD 2 billion

The foreign debt guaranteed by the government is equal to 9.9 percent of the country's GDP.

Approximately USD 1.6 billion (80 percent) of the foreign debt is in loans for implementing investment projects. Of this sum, 37.4 percent of the whole debt is used for electricity, 16.1 percent is spent on road construction, eight percent is spent on social services and 7.1 percent on agriculture.

In 2006, Azerbaijan absorbed USD 350.3 million in foreign loans and it paid off USD 136.3 million in foreign debts, reports the news agency Regnum. The Messenger