Azerbaijan's external debt falls 2.4% in H1 - Finance Ministry

BAKU. Aug 1 (Interfax) - Azerbaijan's external debt as of July 1, 2025, is estimated at 8.518 billion manat ($5.01 billion), or 6.5% of GDP, with the figure decreasing by $119 million (2.4%) since the beginning of the year, according to materials from the country's Finance Ministry.

According to the ministry, 34.9% of the external debt structure (about $1.75 billion) is owed to the Asian Development Bank (ADB). At the end of 2024, Azerbaijan's debt to the ADB amounted to $1.8 billion, or 35.1% of the external debt.

Debt to Eurobond holders is estimated at $1.387 billion (27.7% of external debt) and $738.6 million (14.7%) to the World Bank, with the remainder owed to other international financial and credit institutions.

As of July 1, external debt accounted for 33.2% of Azerbaijan's total public debt, compared to 31.8% at the end of 2024.

A total of $411 million was allocated from the state budget for servicing external debt in January-June, down 72.2% from H1 2024, including $293 million in principal payments (down 77.8%) and $118 million in interest payments (-27.2%), the Finance Ministry said.

Azerbaijan's total public debt as of July 1, 2025, is estimated at 25.67 billion manat ($15.1 billion), or 19.6% of the projected GDP for the current year.

The official exchange rate on August 1 is 1.7 manat/$1.