Azerbaijan reduces net financial liabilities by over $2B

In January-September of 2024, Azerbaijan's net financial liabilities decreased by almost $2.18 billion compared to the same period last year, Report informs, referring to the Central Bank of Azerbaijan.

Meanwhile, in the same period last year, the country’s net financial liabilities grew by $53.6 million year-on-year.

The nine-month decrease was due to a $4.522 billion increase in direct investments attracted to Azerbaijan (3.4% more than the previous year), a $4.758 billion decrease in the repatriation of attracted investments (6.9% less), a $457.8 million increase in oil bonuses (2.8% less), a $960.6 million decrease in portfolio investments (38.8% more), and a decrease of over $1.441 billion in other investments (an increase compared to a year ago).