Official: Azerbaijan’s stable economy boosts investor confidence

Azerbaijan’s stable macroeconomic environment and strong fiscal position continue to enhance investor confidence, Economy Minister Mikayil Jabbarov said during the Azerbaijan Investment Outlook event held in Baku as part of the annual meeting of the Islamic Development Bank (IsDB) Group.

Addressing international investors and business leaders, Jabbarov emphasised the importance of economic stability in attracting long-term capital, Caliber.Az reports via local media. 

“Azerbaijan offers investors a stable and sustainable economic environment supported by strong fiscal indicators and sound economic policies. Strategic currency reserves exceed the country's GDP. These reserves have grown by 3.4% since the beginning of the year and by 15% year-on-year, reaching a total of $88 billion, further strengthening macroeconomic stability,” he said.

The minister noted that Azerbaijan’s low level of public debt provides a solid foundation for sustainable economic growth and investor confidence.

According to Jabbarov, the country’s economic performance has been recognized by major international credit rating agencies.

“These fundamental indicators are recognized by leading international rating agencies. Fitch and Moody's have maintained Azerbaijan's sovereign credit rating at investment grade, upgrading the outlook from stable to positive. Azerbaijan's economic path is shaped by both the experience gained during independence and President Ilham Aliyev's strategic approach of placing economic welfare at the center of state policy. Economic diversification is increasingly defining the country's investment agenda,” he added.

Jabbarov also highlighted Azerbaijan’s efforts to improve its investment climate through infrastructure development and expanded regional trade connectivity.

He said investors increasingly require not only business opportunities but also efficient mechanisms for implementing projects.

“In this context, Azerbaijan seeks to make the most of its natural and geographical advantages, its developed infrastructure aimed at sustainably attracting investment, as well as its open and effective trade relations with neighbouring countries,” the minister noted.

By Sabina Mammadli