IMF forecasts less state debt to GDP in Azerbaijan in 2009

The average index of debt in Caucasus and Central Asia countries will
be at 15 percent of GDP.

According to IMF, the percentage of state debt to Georgia will hit
26.1 percent, Kazakhstan - 11.4 percent, Kyrgyzstan - 51.9 per cent in
Tajikistan - 39.2 percent, Turkmenistan - 2.3 percent, Uzbekistan -
10.4 percent and Armenia - 27.7 percent.

Azerbaijan ranges first related to aggregate expenses and received
loans to GDP, which according to IMF will make up 44.4 percent in
2009.

The index will hit 33.5 percent in Georgia, Kazakhstan - 27 percent,
Kyrgyzstan - 31 percent, Tajikistan - 27.9 percent, Turkmenistan -
16.2 percent, Uzbekistan - 34.9 percent and Armenia - 22.9 percent.

As for April 1, 2009, Azerbaijan's foreign debts reached $2.916,8
million which is 5.3 percent of GDP. This represents Azerbaijan
increase of 12.34 percent compared to the same period in 2008. A
foreign debt per capita is $333.2.

/Trend Capital/