Baku: Azerbaijan’s strategic foreign exchange reserves are anticipated to reach $94 billion in the coming years, as projected by the International Monetary Fund (IMF). APA-Economics reports that these reserves, which include the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank’s reserves, are expected to grow steadily over the next decade.
According to Azeri-Press News Agency, the strategic reserves are projected to total $90.4 billion by 2026. This upward trend is expected to continue, with reserves reaching $93.0 billion in 2027, $93.3 billion in 2028, $93.8 billion in 2029, $94.0 billion in 2030, and slightly decreasing to $93.9 billion in 2031.
The report highlights a continued growth trajectory in the reserves of SOFAZ. The Fund’s reserves are forecasted to rise from $76.1 billion in 2026 to $84.2 billion by 2031, reflecting a substantial contribution to the overall strategic reserves.
Meanwhile, the reserves of the Central Bank of Azerbaijan are expected to fluctuate, starting at $14.4 billion in 2026 and peaking at $15.1 billion in 2027 before gradually decreasing. By 2028, reserves are predicted to be $14.16 billion, then $13.1 billion in 2029, $11.7 billion in 2030, and finally $9.66 billion in 2031.