Asian Development Bank: Azerbaijan's strategic foreign exchange reserves will increase in 2021-2022

Asian Development Bank: Azerbaijan
# 28 April 2021 10:38 (UTC +04:00)

According to the updated forecasts of Asian Development Bank, as of the end of this year, Azerbaijan’s strategic foreign exchange reserves will increase by 0,4% to reach USD 50,1 bln., APA-Economics reports citing ADB's newly published report "Asian Development Outlook (ADO) 2021: Financing a Green and Inclusive Recovery".

The mentioned increase will be ensured by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) through intelligent asset management.

According to the forecast of ADB for 2022, strategic foreign exchange reserves of the country will increase slightly and to stand USD 50,4 bln.