Debt Management Network Publishes Material on Armenia’s Financial Security
The internationally recognized Debt Management Network (PDMN) has published material highlighting that Armenia’s financial security is facing significant threats (PDM | Vusal Gasimli: Financial Security of Armenia Is Facing the Threat).
According to the material, referencing Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communication (CAERC) of the Republic of Azerbaijan and Doctor of Economic Sciences, Armenia’s economic development is based on debt accumulation, and the country is becoming increasingly dependent on external financing.
The PDMN publication notes that Armenia’s external debt has already exceeded all financial security thresholds, reaching approximately 42 percent of GDP. It is also emphasized that the ratio of total public debt to GDP has been steadily increasing in recent years. Compared to 2015, the public debt-to-GDP ratio rose from 48 percent to 54 percent, while the external debt-to-GDP ratio increased from 40 percent to 42 percent.
The World Bank has forecast that this indicator will further deteriorate and reach 57.2 percent by year-end.
The material further states that financial security is a key component of overall economic security, and for a country whose economic and financial stability is under threat, engaging in provocations against Azerbaijan would mark the beginning of its decline.
Related news
Partners from the Americas for the "Startup School 4" project of the "Enterprise…
Partners from the Americas have been presented to the public within the framework of the "Startup School 4: Five Continents - 500 Startups" global innovation program, implemented by the "Enterprise Azerbaijan"…
The “Enterprise Azerbaijan” Portal Presented the “Startup School 4” Project at ASPU
Within the framework of the “Startup School 4” project implemented by the “Enterprise Azerbaijan” portal, operated by the Center for Analysis of Economic Reforms and Communication (CAERC), the next information…
CAERC representative participates in "Atlantic Council IMF - World Bank Week"…
Rashad Najafli, Deputy Head of the Economic Analysis Department at the Center for Analysis of Economic Reforms and Communication (CAERC), is participating in the "Atlantic Council IMF-World Bank Week" events held in Washington,…
The "Azexport" portal supports the export of leech products produced in…
A meeting was held at the "Azexport" portal, operated by the Center for Analysis of Economic Reforms and Communication (CAERC), with a representative of a local enterprise engaged in the production of medicinal leeches.…
Training and mentoring program launches within the "Startup School Nakhchivan"…
The training and mentoring program is launching under the "Startup School Nakhchivan" project, a joint initiative of the "Enterprise Azerbaijan" portal of the Center for Analysis of Economic Reforms and Communication…
CAERC representative addressed an international seminar on tax administration
Abdulrahim Dadashov, Deputy Head of the Monitoring and Evaluation Division at the Center for Analysis of Economic Reforms and Communication (CAERC), addressed an international seminar organized by the International Monetary Fund…
Partners from the Asian continent for the "Startup School 4" project of…
Partners from the Asian continent have been presented to the public within the framework of the "Startup School 4: Five Continents - 500 Startups" global innovation program, implemented by the "Enterprise Azerbaijan"…
CAERC Announces New Hire
Anar Gaziyev has been appointed as the Finance Manager at the Center for Analysis of Economic Reforms and Communication (CAERC) by the order of Executive Director Vusal Gasimli. Anar Gaziyev studied Economic Regulation at the Azerbaijan…
Op-eds
Rashad Najafli
Deputy head of the Economic analysis division
Azerbaijan: A Guarantor of Peace and Security in the South Caucasus
Isa Gasimov
Head of the “Enterprise Azerbaijan” portal
Transition to an Innovation Ecosystem: Azerbaijan’s Strategic Choice
Gultaj Ahmadzada-Tapdigzada
Head of Sector at the Monitoring and Evaluation Division
Strategic Targets of Azerbaijan’s Energy Transformation
Samir Rahimov
Leading consultant of the Monitoring and evaluation division
Improving transport infrastructure in Baku and surrounding areas - Global challenges and the role of the State Program
Agil Asadov
Head of the Strategic planning division
The strategic importance of the Middle Corridor: growth of investment along the Trans-Caspian route and Azerbaijan’s regional…
Isa Gasimov
Head of the “Enterprise Azerbaijan” portal
Research and Development (R&D) and Innovation: from Knowledge to Value, from Value to Capital
Rashad Najafli
Deputy head of the Economic analysis division
Azerbaijan: A Reliable and Strategic Investment Hub among LLDCs