Azerbaijan’s net financial assets grew by almost $129M in 1H24

The net financial assets of Azerbaijan increased by $128.5 million in the first half of 2024, Report informs, citing the Central Bank of Azerbaijan (CBA).

However, in the same period last year, there was a decline of $10 million in the country’s net financial assets.

The half-yearly increase was driven by a $421.4 million rise in net foreign direct investment (a decrease registered in the same period of 2023), a $609.6 million increase in portfolio investments (up by 21.8%), and a $902.5 million decrease in other investments (2.2 times more).