The country’s net foreign financial assets increased by $3.3 billion in six months of this year, APA-Economics reports, citing the Central Bank of Azerbaijan.
This indicator was formed by direct investments abroad ($4.3 billion), portfolio investments (-$0.3 billion), and other investments (-$0.7 billion).
During the reporting period, the country’s net foreign financial liabilities increased by $0.3 billion, which was formed by foreign direct investments attracted to the country (-$0.1 billion), oil bonus ($0.4 million), portfolio investments (-$2 billion), and other investments ($2.4 billion).
During the same period, net foreign financial assets on credits and loans decreased by $8.3 million, while net foreign financial liabilities increased by $2.5 billion.
The increase in net foreign financial liabilities on credits and loans was due to an increase of $0.2 billion in liabilities related to the banking sector, $0.1 billion in corporate loans, and $2.5 billion in loans in the oil and gas sector. At the same time, liabilities on government loans decreased by $0.2 billion, while liabilities on government-guaranteed loans decreased by $0.1 billion.
Net foreign financial assets on deposits and cash currency decreased by $1.3 billion, while net foreign financial liabilities decreased by $78.5 million.
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