Azerbaijan has low debt ratio - IMF

  09 June 2016    Read: 1214
Azerbaijan has low debt ratio - IMF
Despite recent downgrades, most Gulf Cooperation Council (GCC) countries have ratings similar to those of the best performing advanced economies and their debt ratios are typically below advanced economy peers, the International Monetary Fund (IMF) reported.
The point about relatively low debt ratios also applies to Azerbaijan and Kazakhstan.

“The fiscal position of oil exporters is also buttressed by large government holdings of corporate assets suggesting that privatization could—in addition to boosting private sector growth—also be used as a temporary source of financing during adjustment”, the IMF said.

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