As of October 1st, 2015, the external debt of the Republic of Azerbaijan stands at 6,730.9 million US dollars (7,054.0 million manat), while the ratio of external debt to the Gross Domestic Product (GDP) constitutes 12.4 percent. The debt statistics consist of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
The International Budget Partnership, an independent non-profit organization, of which headquarters is located in the United States of America assesses the accessibility and the level of usefulness and coverage of budget documents of over 100 countries with a 100-point scale.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov, the director of the Asian Development Bank (ADB) for Azerbaijan, met with Olly Norojono, the head of the permanent mission of the Asian Development Bank in Azerbaijan, in relation with the expiry of the term of his office on September 9.
The next meeting of the ministers of finance and heads of central banks of member states of the “Great Twenties” (G-20) started its work on September 4, 2015 in Ankara, Turkey. Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov is also participating in the meeting which will last for two days.
The “Fitch Ratings”, an international credit rating agency, confirmed the international credit rating of the Republic of Azerbaijan at the investment level of “BBB-” keeping its forecast as “stable” on August 29, 2015.
The “Standard and Poor’s” rating agency confirmed Azerbaijan’s international loan rating at “BBB-” investment level and kept its forecast as negative as per the previous assessment on July 31, 2015.
2015-ci ilin altı ayında dövlət büdcəsinin mədaxili 7807,2 mln. manat, xərcləri 8577,9 mln. manat olmuş, 770,7 mln. manat məbləğində büdcə kəsiri (defisit) yaranmışdır.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov met with the delegation headed by Mr. Matthias Fekl, minister of state for foreign trade, promotion of tourism and french nationals abroad of France and co-chair of Azerbaijan-France Intergovernmental Economic Commission, on June 6.
President of the People’s Republic of China Mr. Xi Jinping met the heads of the delegations of the founding members of the Asian Infrastructure Investment Bank (AIIB) on June 29, 2015 in Beijing, China. Mr. Jinping expressed his confidence that AIIB will play a crucial role in reduction of poverty and development of infrastructure in Asian region and the world.
The government of the Republic of Azerbaijan and the ADB signed an initial protocol of intent on the allocation of a multi-tranche loan for the proposed Investment Program on the Development of Electricity Distribution in line of the 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) hosted in Baku on May 5, 2015.
ADB president Takehiko Nakao highly appreciates the conditions created for the Annual Meeting
Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov met with the delegation headed by Deputy Managing Director of the International Monetary Fund (IMF) Mr. Mitsuhiro Furusawa, who paid a visit to Azerbaijan to attend the 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) due to take place in Baku city, on May 1, 2015.
Today is Thursday, 26 November 2015 year