Azerbaijan ranks 28th on public debt

16:10 - 2.07.2021


July 2, Fineko/abc.az. International insurance company Euler Hermes analyzed the state of public debt in 101 countries of Eastern Europe, Asia, Africa and South America. As a result of the analysis, the company has compiled the rating of countries.

In the course of the study, such criteria as the debt-to-GDP ratio, its growth due to the coronavirus pandemic, the share of government debt denominated in foreign currency, the state of the balance of payments, the effective interest rate (adjusted for inflation), the cost of debt servicing were taken into account.

Bulgaria became the leader of the rating, Russia took the 2nd place, the Democratic Republic of the Congo took the 3rd. Afghanistan and Cambodia complete Top 5.

Lebanon, Suriname, Sri Lanka, Bahrain and Egypt are recognized as the countries with the least stable public debt

China took the 11th place. Among the countries of the ex-USSR, the best result after Russia was shown by Moldova - 16th place in the general rating, Tajikistan - 17th, Azerbaijan - 28th, Uzbekistan- 30th. Georgia, Ukraine and Armenia took places from 77th to 79th.

 

Other news