Azerbaijan reduces net financial liabilities by nearly $4B

Azerbaijan reduced its net financial liabilities by $3,848.7 million in January-September of 2022, Report informs, referring to the Central Bank of Azerbaijan (CBA).

Bank says the reduction was provided by a growth of $4,557.9 million in direct investments in Azerbaijan (+24.9%), a decline of $8,237.5 million in the repatriation of investments (+92.4%), an expansion of $452.2 million in oil bonus (-0.4%), a decrease of $235.8 million in portfolio investments (+32.7%), and reduction of $405.5 million in other investments (+7.6%).