Mikail Jabbarov: Azerbaijan's stable economic environment strengthens investor confidence

Azerbaijan's stable economic environment strengthens investor confidence.

As reported by BAKU.WS with reference to Report, this was stated by Minister of Economy Mikayil Jabbarov at an event held within the framework of the annual meeting of the Islamic Development Bank (IsDB) Group in Baku.

He noted that long-term investments are based on trust and confidence. According to him, Azerbaijan offers a stable macroeconomic environment, supported by strong fiscal indicators and a balanced economic policy.

M. Jabbarov reported that the country's strategic foreign exchange reserves exceed GDP and amount to 88 billion US dollars, having increased by 3.4% since the beginning of the year and by 15% year-on-year. He added that the low level of public debt and high reserves strengthen economic resilience and investor confidence.