  Moody's does not trust Azeri debt calculations May 25, 2017 - 17:52 AMT PanARMENIAN.Net - An unexpected change in the policy of the Azerbaijani government, which decided to share debts between itself and creditors after so many years of support of the International Bank of Azerbaijan (IBA), was a surprise, CIS banking analyst of Moody's rating agency Peter Pakhin has said, according to Report.az. He noted that he does not believe the calculations of the Ministry of Finance of Azerbaijan on debts of the IBA: "I no longer trust the IBA and the reports of the Ministry of Finance. The problems can be deeper than we think." “The process of IBA’s recovery can damage the state budget and prevent financing of foreign projects, "Moody's representative said.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Biden honors resilience of Armenian people on April 24  U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |
