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IMF: Azerbaijan's strategic foreign exchange reserves will increase to $94 billion

30 April 2026 18:02 (UTC +04:00)

Strategic foreign exchange reserves in Azerbaijan are expected to increase in the coming years, the International Monetary Fund (IMF) said in its forecast, APA-Economics reports.

According to the information, the country’s strategic foreign exchange reserves (the total of SOFAZ and the Central Bank’s reserves) will amount to $90.4 billion in 2026. This figure is projected to reach $93.0 billion in 2027, $93.3 billion in 2028, $93.8 billion in 2029, $94.0 billion in 2030, and $93.9 billion in 2031.

According to the report, the growth trajectory of the reserves of the State Oil Fund (SOFAZ) will continue. Thus, the Fund’s reserves are expected to increase from $76.1 billion in 2026 to $84.2 billion in 2031.

At the same time, the reserves of the Central Bank of Azerbaijan are expected to amount to $14.4 billion in 2026, $15.1 billion in 2027, $14.16 billion in 2028, $13.1 billion in 2029, $11.7 billion in 2030, and $9.66 billion in 2031.

Rahim Tariverdiyev

Azerbaijan IMF SOFAZ Central Bank of Azerbaijan Foreign Exchange Reserves Strategic Reserves Economic Forecast Oil Fund Financial Stability Macroeconomics