We are completely economically independent, don't need any loans - President Ilham Aliyev

We are completely economically independent, don't need any loans - President Ilham Aliyev

We are now one of a handful of countries in the world that does not depend on anyone, is completely economically independent and does not need any loans, President of the Republic of Azerbaijan Ilham Aliyev said receiving in a video format Joshgun Jabrayilov due to his appointment as head of Nizami District Executive Authority, Elgin Habibullayev due to his appointment as head of Narimanov District Executive Authority, Baku, and Elkhan Ibrahimov due to his appointment as head of Kurdamir District Executive Authority, TurkicWorld reports.

"In short, although we have achieved a great success, there are many problems facing the country, and the solution of these problems on the ground depends largely on government officials. The state and the government are doing what they should. At the same time, our legislature, the Milli Majlis, adopts laws. The president signs decrees and adopts state programs. The government takes steps to deepen day-to-day reforms. So all necessary measures are being taken. In addition, the financial resources generated as a result of our successful policies provide such opportunities. We are now one of a handful of countries in the world that does not depend on anyone, is completely economically independent and does not need any loans. On the contrary, I have ordered that our foreign debt should be reduced every year, and last year it accounted for only 17 percent of our GDP. I ordered to reduce it to 15, 12, 10 percent. It would be wrong to say that we do not have financial problems, but at the same time, we are doing all this work ourselves. In particular, we have not received a single manat of assistance or loan from anyone to revive Karabakh and Zangazur. In other words, this gives reason to say that the problems can be resolved only if work on the ground is properly organized," Azerbaijani president said