As is everything else in Azerbaijan, information on the country's foreign debt is diverse with government quoting one set of numbers, and opposition saying something completely else.
I thought I put together the most recent indicators as quoted by the story on AzadliqRadio.
*Ilham Aliyev says it is only 20% of the GDP
*Min.of Economy says it is approximately 12 billion manats
* Independent economist Natig Jafarli says authorities leave out company loans taken on state guarantees. Take for instance SOCAR, whose debt is 8 billion manats.
If loans of all state companies are added then the total of external debt would be around 60% of the GDP.
There are also other projects like the Southern Gas Corridor for which Azerbaijan took out a 1 billion loan with 5.8% return rate.
Feel free to send in more info so I can expand on this post.
