Azerbaijan's Robust Economy Enables Pursuit Of Independent Foreign Policy
Date
11/24/2023 7:16:52 AM
(MENAFN- AzerNews) “Azerbaijan's robust Economy enables the pursuit of an
independent foreign policy,” the President of Azerbaijan, Ilham
Aliyev, said while addressing the Summit of the United Nations
Special Program for the Economies of Central Asia (SPECA), Azernews
reports.
“In the last 20 years, Azerbaijan's GDP has grown by four times.
Budget revenues have increased by 30 times and foreign trade
turnover by more than 10 times," the president noted. He added that
Azerbaijan's direct foreign debt currently accounts for 10 percent
of its GDP, and foreign exchange reserves exceed the country's
direct foreign debt by 10 times.
According to the head of state, the poverty level has dropped
from 50 to 5.5. percent.
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