Azerbaijan reduces net financial liabilities by $347M

Azerbaijan reduced the net financial liabilities by $346.7 million in the first quarter of 2022, Report informs, referring to the Central Bank of Azerbaijan (CBA).

Bank says the reduction was provided by a growth of $1,814.3 million in direct investments in Azerbaijan, a decline of $2,842 million in the repatriation of investments, expansion of $450.2 million in oil bonus, a decrease of $48.8 million in portfolio investments, and reduction of $279.8 million in other investments.