Azerbaijan borrows over $600M in 9 months

From January through September 2021, AZN 240 million was transferred to the state budget from the State Debt and Guarantee Liabilities Guarantee Fund in Azerbaijan, Report informs, citing the Ministry of Finance.

According to the ministry, over AZN 1.07 billion ($633.49 million) was attracted for financing operations during the reporting period. Of this, AZN 813.2 million ($478.69 million) are public borrowings, AZN 205 million ($120.66 million) are loans attracted for project financing, and AZN 58.1 million ($34.19 million) are revenues from privatization.