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    Moody's does not trust calculations on debts of International Bank of Azerbaijan

    The process of IBA’s recovery can damage the state budget©

    Baku. 25 May. REPORT.AZ/ An unexpected change in the policy of the Azerbaijani government, which decided to share debts between itself and creditors after so many years of support of the International Bank of Azerbaijan (IBA), was a surprise. Report informs, CIS banking analyst of "Moody's" rating agency Peter Pakhin has said.

    He noted that he does not believe the calculations of the Ministry of Finance of Azerbaijan on debts of the IBA: "I no longer trust the IBA and the reports of the Ministry of Finance. The problems can be deeper than we think."

    “The process of IBA’s recovery can damage the state budget and prevent financing of foreign projects, "Moody's representative said.

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