Azerbaijan among regional leaders on debt-GDP ratio: IMF
Azerbaijan will be ahead among countries in the Middle East and
Central Asia regions in 2007 for the share of foreign debt in the
Gross Domestic Product (GDP), the International Monetary Fund (IMF)
estimates.
The South Caucasus republic will be next only to Turkmenistan, Algeria and Libya, with the 10.3% figure, compared to the 27.6% average among regional states and 23.3% among oil exporting countries.
IMF also predicted a $9.8 billion positive balance in Azerbaijan's foreign trade this year. The country's exports and services are forecast at $18.4bn, or $4.4bn over 2006. Imports will make up $8.6bn accordingly, the Fund said.
The South Caucasus republic will be next only to Turkmenistan, Algeria and Libya, with the 10.3% figure, compared to the 27.6% average among regional states and 23.3% among oil exporting countries.
IMF also predicted a $9.8 billion positive balance in Azerbaijan's foreign trade this year. The country's exports and services are forecast at $18.4bn, or $4.4bn over 2006. Imports will make up $8.6bn accordingly, the Fund said.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!