Azerbaijan, Baku, May 2 / Trend , N.Ismayilova/
As for April 1, 2009, Azerbaijan's external debt reached $2.916 million, representing 5.3 percent of GDP, said on Saturday at the Ministry of Finance. Compared with the same period last year, the volume of foreign loans increased by 12.34 percent.
External debt per capita was $333.2.
In the first quarter, loans were disbursed to $86.6 million. External debt expenditure amounted to $48.1 million. The principal debt accounted to $33.6 million, and percent - $14.6 million. Some $19.4 million were directed to pay off loans.
Roughly $325.8 million (11.2 percent) of foreign debt accounted for loans to economy reforms, out of which $70.2 million (2.4 percent) - for borrowings from the IMF and $255.7 million (8.8 percent) -WB.
Most of the loans contracted to finance investment projects - $2.591 million (88.8 percent), 38.9 percent ($1.135 million) of these funds is directed to the energy sector, 7.8 percent ($227.6 million) - and agriculture and irrigation, 23.2 percent ($676.9 million) - road construction and transportation, 0.6 percent ($18.5 million) - in the sphere of chemical industry, 5.8 percent ($169.5 million) - the oil and gas sector and 7.6 percent ($221.3 million) - the social sphere.
On May 2, the official exchange rate is 0.8035 manat to $1.
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