12:57 - 16.12.2024

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 December 16, Fineko/abc.az. Economic growth in Azerbaijan made up 4.1% in 11 months, including our non-oil sector grew by 6.4%, ABC.AZ reports, quoting PM Ali Asadov, as delivering speech at the parliament plenary session on December 16.

According to the PM, our strategic foreign exchange reserves exceeded $72 bn. Our direct external public debt is only 7.3% of GDP.

Asadov noted that maintaining equilibrium in the foreign exchange market in conditions of surplus balance of payments, strengthening the nominal effective exchange rate of the manat and its downward impact on import prices led to low level of inflation. The relevant action plan approved by the government also contributed to adoption of anti-inflationary measures.