Moody's does not trust Azeri debt calculationsMay 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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. 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. |