Azerbaijan reduces debt to AIIB by nearly 16%

As of July 1, Azerbaijan’s obligations to the Asian Infrastructure Investment Bank (AIIB) amounted to $85.7 million.

The Ministry of Finance told Report that, according to the data provided, the AIIB’s share in the country’s total external public debt was 1.7%, representing a 15.9% decrease compared to the same period last year.

As of the reporting date, Azerbaijan’s external debt totaled $5.01 billion.