Azerbaijan's external public debt stood at $4,689.3 million as of April 1, with the US dollar accounting for 86.1% of the total portfolio.
According to the Ministry of Finance, as reported by the Operative Information Center-OMM, the debt composition includes the Euro at 6.1%, Special Drawing Rights (SDR) of the International Monetary Fund at 3.1%, the Japanese Yen at 3.1%, and other currencies at 1.6%. Regarding interest rates, 50.9% of the obligations are at fixed rates, while 49.1% are variable. The repayment schedule shows that 59.2% of the debt is due within five years, 35.4% between five and ten years, and 5.4% in more than ten years.
Azerbaijan has consistently maintained a strategy of reducing its external debt-to-GDP ratio in recent years, prioritizing the use of internal resources and optimizing the debt portfolio. This fiscal discipline is part of a broader economic policy aimed at ensuring long-term financial stability and reducing vulnerability to external shocks. The country's low level of foreign debt compared to international benchmarks continues to support its sovereign credit ratings and investment attractiveness in the South Caucasus region.
