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Minister of Finance of the Republic of Azerbaijan Samir Sharifov made a business visit to the Islamic Republic of Pakistan, the United Arab Emirates (UAE) and India on February 19-21***As of January 1st, 2018, the external public debt of the Republic of Azerbaijan constituted 9,398.3 million US dollars (equivalent 15,978.1 million manat). The Debt to the Gross Domestic Product ratio stands at 22.8 percent (based on 2017 GDP of AZN 70,135.1 mln)******

Azerbaijani and Surinamese finance ministers meet in Baku

Azerbaijani and Surinamese finance ministers meet in Baku

15.09.2017

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received his Surinamese colleague Mr. Gillmore A. Hoefdraad in line of his Baku visit.
Drawing attention to the financial and economic situation of the Republic of Suriname, G.Hoefdraad highlighted challenges encountered by his country due to declining prices in world commodity markets and expressed interest of his country in Azerbaijani practice in several fields.
S. Sharifov, in his turn, provided broad information on the restoration of macroeconomic stability, rehabilitation and radical restructuring in the banking sector, budget consolidation and further strengthening of financial discipline, improving and facilitating investment and business environment, as well as measures carried out in other directions under the leadership of President Ilham Aliyev despite of negative impacts of a sharp decline in commodity prices, in particular oil prices on Azerbaijani economy. He also underlined high-speed diversification of economy and inclusive economic growth as the main challenge ahead taking into account the importance of getting the country’s economy ready for the post-oil era according to the strategic line determined by the President.
The meeting sides exchanged views on synergy and cooperation in international financial organizations and other issues of mutual interest.