Azerbaijan’s net financial assets grow by almost $1.4B

The net financial assets of Azerbaijan increased by almost $1.391 billion in the first nine months of 2024, compared to the same period last year, Report informs, citing the Central Bank of Azerbaijan (CBA).

However, in the same period last year, there was an annual decline of $345.1 million in the country’s net financial assets.

The 9-month growth was driven by a $584 million rise in net foreign direct investment (a 3-fold decrease year-on-year), a $724.5 million increase in portfolio investments (up by 9.6 times), and a $82.4 million increase in other investments (a decrease recorded in the same period of 2023).