403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Fitch Expects Azerbaijan's Gov't Debt To Increase To 22.7% Of GDP
(MENAFN- AzerNews)
Fitch Ratings project Azerbaijan's government debt to increase
modestly to 22.7% of GDP by 2026, one of the lowest among Fitch's
investment-grade sovereigns, after increasing by 10pp to 21.8% of
GDP due to the recognition of previously domestically guaranteed
debt in 2023, Azernews reports, citing the
agency.
"External debt has declined in absolute terms in recent years, currency composition has improved and about two-thirds of external debt is to official creditors. External government guarantees and on-lending declined to $6 billion (8.2% of GDP) in 2023, from $6.4 billion in 2022, with most of this related to the Southern Gas Corridor project, which is profitable and not likely to require sovereign support," the agency said.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment