BAKU, Azerbaijan, June 16. Strong macroeconomic
indices and stable investments boost the Azerbaijani economy,
Azerbaijani Economy Minister Mikayil Jabbarov said at the event
“Azerbaijan Investment Outlook Session” held within the framework
of the Annual Meeting of the Islamic Development Bank (IsDB) Group
in Baku, Trend‘s
correspondent reports from the event.
According to him, Azerbaijan is not only a market with high
potential, but also acts as a reliable regional platform where
investment opportunities, ideas, and human capital meet.
The minister noted that long-term investment is primarily built
on trust and confidence. According to him, Azerbaijan offers a
stable and sustainable economic environment supported by strong
fiscal fundamentals, pragmatic economic policies, and strategic
foreign exchange reserves.
Jabbarov pointed out that Azerbaijan’s strategic foreign
exchange reserves have increased by 3.4% since the beginning of the
year and by 15% year-on-year to reach $88 billion. These
indicators, in addition to being higher than the country’s GDP,
together with low public debt, create a solid basis for economic
stability and investor confidence.
He added that these fundamental indicators are also confirmed by
international rating agencies. Thus, S&P, Fitch, and Moody’s
have given Azerbaijan an investment-grade credit rating and a
“stable” outlook.
The minister emphasized that these factors form an important
basis for Azerbaijan’s long-term development and a sustainable
investment environment.