Azerbaijan, Baku / corr Trend I.Khalilova / According to forecasts by the International Monetary Fund (IMF) in 2007, net foreign assets will comprise AZN 3.824bln, with an increase of 54.3%, states a report by IMF on the results of review on Article VI of an Agreement on establishment of IMF. Net internal assets will reduce by AZN 424mln, and the domestic credit by AZN 420mln.
The reserved money is forecasted at the level of AZN 3.4bln as compared to AZN 2.045bln in 2006. The reserved money in manat will comprise AZN 2.887bln as compared to AZN 1.6bln last year.
The banking reserves and other deposits will comprise AZN 351mln, while reserves in foreign currency AZN 513mln.
In 2007 net international reserves will make up AZN 3.815bln and common international reserves - AZN 3.901bln
According to forecasts by the IMF, the current payment balance will constitute of $7.866bln, or 27.4% of the Gross Domestic Product (GDP). In 2007 the total export on FOB terms will reach $17.42bln, including $16.292bln falling on oil and oil products. Import on FOB will reduce to $6.057bln, including $1.037bln falling on the oil sector.
