BAKU, Azerbaijan, February 9. The State Oil Fund of Azerbaijan's (SOFAZ) assets are estimated to reach $52.819 billion in 2024, Trend reports, referring to the International Monetary Fund (IMF).
According to the information, the report was prepared based on the results of consultations following Article IV of the Agreement "On the Establishment of the IMF," held by the head of the Fund's mission in Azerbaijan, Anna Bordon in November 2023 in Baku.
Based on the IMF's forecasts, assets in 2025 will amount to $53.205 billion, in 2026 to $53.425 billion, in 2027 to $53.744 billion, and in 2028 to $54.424 billion.
To note, SOFAZ assets increased by 14.3 percent to $56.069 billion in 2023.
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