BAKU, Azerbaijan, January 1. In terms of
economic development, we can be proud of this year’s achievements,
President Ilham Aliyev said in his address on the occasion of the World Azerbaijanis
Solidarity Day and the New Year, Trend reports.
Emphasizing that Azerbaijan’s foreign exchange reserves have
reached a historic record of over $80 billion, the head of state
said that the country’s external debt has decreased further and
today accounts for only 6.3 percent of gross domestic product. He
noted that Azerbaijan’s foreign exchange reserves exceed its
external debt by 16 times.