TODAY.AZ / Business

Azerbaijan not to borrow large sum of money

12 February 2006 [15:38] - TODAY.AZ
Finance Minister Avez Alekberov said that Azerbaijan would use its own funds to finance some projects.

As AzerTAg informs, Azerbaijan government is not going to borrow a large sum of money from abroad because of increase in financial resources.

As to repaying debts ahead of schedule, Minister found a need to pay off loans of International Monetary Fund and World Bank at first.

Increase in financial resources will allow change foreign debts structure and repay them.


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