BAKU, Azerbaijan, September 9. The balance of Azerbaijan’s Guarantee Fund stood at 419.3 million manat ($246.6 million) as of January 1, 2025.
Data obtained by Trend from the Chamber of Accounts' "Summary of semi-annual information on the analysis of the state budget execution for the first six months of 2025" indicates that the fund received a total of 36.8 million manat ($21.6 million), including 90,000 manat ($52,941) from one-time non-repayable fees paid by main borrowers under state guarantees, 26 million manat ($15.2 million) in income from fund management, and 10.7 million manat ($6.2 million) from renewed loan agreements in the first six months of 2025.
During the same period, 14 million manat ($8.2 million), $29.9 million, and 7.4 million euros were spent from the Guarantee Fund. By the end of the six months, the fund’s balance amounted to 377.1 million manat ($221.8 million).
“Compared to the beginning of the year, the fund’s balance decreased by 42.2 million manat ($24.8 million). Of the 26 million manat ($15.2 million) in income from fund management, most were earnings previously recorded by the State Oil Fund (SOFAZ) last year.
Of the 203.7 million manat ($119.8 million) planned for repayment by organizations in 2025, 10.7 million manat ($6.2 million) was recovered during the first six months, representing 5.3 percent of the total projected amount,” the information noted.
