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Forecast: Credit investments in private sector to increase in Azerbaijan

23.06.2021,16:58


June 23, Fineko/abc.az. According to the International Monetary Fund (IMF), the volume of loans given to the private sector in Azerbaijan this year will increase by 5%.

ABC.AZ reports that the forecast for the next year is more optimistic and growth is expected at the level of 9.1%.

In 2020 the volume of loans to the private sector in the country decreased by 3%.

According to the latest statistics, as of 1 May 2021 the volume of loans to the private sector in Azerbaijan amounted to AZN 13.2 bn (18.2% of GDP in 2020). According to an analysis by the Asian Development Bank, this indicator is considered low.