AGP Executive Report
Last update: 11 hours agoPublic Finances: Azerbaijan posted a 3.96 billion-manat ($2.33 billion) budget surplus in the first nine months of 2026, with revenue 2.8% above forecast. External public debt fell 7.8% year on year to $4.51 billion as strategic reserves rose. Water Investment: The AIIB approved a $45 million loan for a Sumgayit desalination plant planned to produce 300,000 cubic metres of water a day under a public-private partnership with ACWA Power. Regional Trade: At the first Central Asia–Azerbaijan summit in the expanded C6 format, President Ilham Aliyev said trade with Central Asian countries grew by more than 50% last year. Leaders backed closer transport and business ties, including a proposed regional business forum in 2027. Growth Outlook: The World Bank cut its 2026 growth forecast for Azerbaijan to 1.2%, while forecasting stronger growth in 2027–28. Capital Markets: Kapital Bank raised AZN 50 million through a bond placement to a foreign institutional investor, marking its first such funding deal in manat.
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