11:52 - 10.02.2025

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February 10, Fineko/abc.az. The high-level presentation of the World Bank's World Development Report (WDR) for 2024 is taking place in Baku.

ABC.AZ informs that speaking at the event, Central Bank’s chairman Taleh Kazimov touched upon the issue of strategic foreign exchange reserves.

He noted that Azerbaijan's strategic foreign exchange reserves account for more than 95% of country's GDP.

According to Kazimov, over the past 20 years, Azerbaijan's economy has grown by about 3.8-fold.

"Including our non-oil sector, it has grown 3.7-fold. Our total exports and non-oil exports increased 7.8-fold and 6.3-fold, respectively, and investments in our economy 4.4-fold," the chairman noted.

By Elmir Murad