BAKU, Azerbaijan, Dec. 22
By Zeyni Jafarov - Trend:
The total amount of portfolio investment inflows was estimated at $200 million over the first nine months of 2020, and payments in this segment amounted to $500 million, Trend reports citing data from the Central Bank of Azerbaijan (CBA).
As a result, a negative balance of $300 million was formed in the balance of portfolio investments.
According to the CBA statements, during the reporting period, portfolio investment assets decreased mainly due to banks and the public sector, and liabilities - due to the public sector and the oil and gas sector.
The amount of investments attracted from abroad to Azerbaijan as direct investments for the three quarters of 2020 amounted to $3.4 billion, which demonstrates an annual increase of 27 percent. The oil and gas sector in the structure of direct investments in the Azerbaijani economy amounted to 85.3 percent.
In the first 9 months of 2020, the total deficit of Azerbaijan's balance of payments amounted to $1.8 billion.
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