Baku: The joint reserves of the Central Bank of Azerbaijan (CBA) and the State Oil Fund (SOFAZ) increased from $70 billion at the end of 2024 to $85 billion by the end of 2025, APA-Economics reports. This was stated in the forecast of the International Monetary Fund’s (IMF) mission on Azerbaijan. It was noted that Azerbaijan’s strategic foreign exchange reserves will continue to grow at a slower pace in the coming period.
According to Azeri-Press News Agency, the mission’s projections indicate that SOFAZ’s assets are expected to reach $74.5 billion by the end of this year. Further expectations for SOFAZ’s assets are projected at $75 billion in 2027, $75.5 billion in 2028, $76.2 billion for 2029, $77.2 billion for 2030, and $78.4 billion for 2031.