Baku, Azerbaijan, Dec. 18
By Sara Israfilbayova – Trend:
In January-September 2018, Azerbaijan's net financial assets amounted to almost $3.34 billion, which is 25.8 percent ($4.45 billion) less than in the same period of 2017, Trend reports referring to the balance of payments published on the website of the Central Bank of Azerbaijan (CBA).
According to the balance of payments data, net financial assets in the reporting period were formed at the expense of direct investments made by Azerbaijan abroad ($1.6 billion), portfolio investments ($622.7 million), derivative financial instruments ($3.2 million) and other investments ($1.2 billion).
Out of direct investments, $727.9 million were invested by Azerbaijan in the oil and gas sector, and $834.2 million – in other spheres.
Other investments include trade credits and advances ($2.36 billion), loans and grants ($106.4 million), and deposits and cash ($1.3 billion).
Net financial liabilities of Azerbaijan in the reporting period were formed in the amount of $881.2 million. At the same time, $533.6 million accounted for direct investments attracted to the country's economy, $450.1 million – for the oil bonus, $250.6 million - other investments.
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