As of July 1, 2023, the share of European countries in the investments of the State Oil Fund of Azerbaijan (SOFAR) amounted to 28.1%, and the share of countries in the Asia-Pacific region was 15.2%, Report informs citing the fund.
In the same period of 2022, these figures were 28.6% and 20.4%, respectively.
Among other regions, the share of North America increased from 30.1% to 37.1%, the share of the Middle East region decreased from 0.6% to 0.3%, the share of Australia and New Zealand remained unchanged at 0.6%, and the share of the South American region - remained at 0.1%.
Over the year, the share of developed countries in SOFAZ investments increased from 59.4% to 66.5%, the share of developing countries decreased from 21% to 15%, and the share of international financial organizations increased from 6.4% to 7.1%.