BAKU, Azerbaijan, May 16
By Zeyni Jafarov - Trend:
The ratio of Azerbaijan's external public debt to GDP is projected to make up 18.1 percent in 2021 against21.4 percent in 2020, Fitch Ratings agency stated, Trend reports on May 16.
According to the agency, by 2022, the ratio of Azerbaijan's external public debt to GDP will decrease to 17.6 percent.
Besides, Fitch Ratings predicted Azerbaijan's GDP growth of 2.1 percent in 2021 and 2.9 percent in 2022.
As the Ministry of Finance earlier reported, at the beginning of 2021, Azerbaijan's external public debt amounted to $8.82 billion, which is equivalent to over 14.9 billion manat, or 20.7 percent of GDP.
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