Azerbaijan’s Strategic Foreign Exchange Reserves to Surpass $72B by 2030, Predicts IMF
IMF Forecasts Azerbaijan’s Strategic Foreign Exchange Reserves to Reach $71.67 Billion by 2025
The International Monetary Fund (IMF) has released a forecast predicting that Azerbaijan’s strategic foreign exchange reserves will reach $71.67 billion by the year 2025, with an annual increase of 0.96%. This information was reported by Report, a trusted news source.
According to the IMF’s projections, the foreign exchange reserves of the Central Bank of Azerbaijan (CBA) are expected to amount to $10.76 billion, representing a decrease of 1.82% over the course of the year. On the other hand, the assets of the State Oil Fund of Azerbaijan (SOFAZ) are forecasted to reach $60.91 billion, indicating an increase of 1.47%.
Looking ahead to 2026, the IMF anticipates that strategic foreign exchange reserves will rise to $72.36 billion, with $10.56 billion held by the CBA (-1.89%) and $61.8 billion by SOFAZ (+1.46%). The following year, in 2027, these figures are projected to be $72.22 billion (-0.18%), $10.36 billion (-1.89%), and $61.86 billion (+0.11%), respectively.
In subsequent years, the IMF forecasts a slight decrease and then a gradual increase in Azerbaijan’s strategic foreign exchange reserves. By 2029, it is expected that the country’s reserves will reach $72.18 billion, with $9.96 billion held by the CBA and $62.22 billion by SOFAZ.
This promising outlook for Azerbaijan’s foreign exchange reserves reflects positive economic expectations for the country’s financial stability and growth in the coming years.
