BAKU, Azerbaijan, February 13. Azerbaijan's volume of government-guaranteed debt, including both domestic and foreign debt as of January 1, 2025, has reached 10.9 billion manat ($6.4 billion), accounting for 8.7 percent of the GDP for 2024.
The data obtained by Trend from the Ministry of Finance indicates that the predominant portion of the government guarantee, approximately 9.1 billion manat (roughly $5.4 billion), constitutes 83.9 percent and is ascribed to foreign loans.
Meanwhile, about 1.76 billion manat (roughly $1 billion), or 16.1 percent, is linked to domestic credit obligations.
To note, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA) hold reserves totaling $71 billion, which exceed the country's foreign state debt by approximately 14 times at the end of the reporting period.
Azerbaijan's foreign state debt stands at $5.1 billion as of January 1, 2025.
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