| Replacement of the State Oil Fund (SOFAZ) allocations with the loans from foreign markets promises to provide a financial benefit for Azerbaijan. According to the informed sources, Azerbaijan’s government plans to take advantage of such loans’ benefits.
“Today the markets demonstrate profitable financial conditions and this effect is enhanced by Azerbaijan’s financial stability and solvency. Many lenders and investors are ready to provide finances to Azerbaijan. In this regard, governmental experts believe that today it’s quite possible to get foreign loans at the rate of LIBOR level or LIBOR +0...% and we should take this opportunity”, - the source said...............................................Full Article: Source
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