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Fitch Ratings did not change its expectations on Azerbaijan public debt in the new forecast

23.11.2020,11:41


November 23, Fineko/abc.az. Fitch Ratings, having changed the forecast on Azerbaijan, announced positive trends. 

ABC.AZ reports that in 2021 and 2022, the share of capital expenditures directed for post-conflict reconstruction in Nagorno-Karabakh and surrounding districts will increase by 0.6 percentage points. The project is expected to be included in the 2021 budget in the coming weeks.

Rating agency’s expectations on the country's public debt have not changed, and the forecast was kept at 23% of GDP.