AGP Executive Report
Last update: 36 minutes agoInvestment and Reform: The World Bank says it mobilized nearly $100 million in private capital for Azerbaijan. The IMF praised gains in non-oil revenue, as Baku sought expanded technical support for fiscal reforms. Finance: Central Bank Governor Taleh Kazimov says financial-sector strategy implementation reached 85.6% in 2025, with AI and data analytics among priorities for improving monetary policy. Trade and Connectivity: Azerbaijan and Kazakhstan launched a 380-kilometre Trans-Caspian fiber-optic cable, while regional partners discussed boosting Middle Corridor transport links. Energy: Azerbaijan plans 11 power plants with about 2 GW of capacity by end-2027, backed by $2.6 billion in investment, and aims for 8 GW of solar and wind power by 2032. SOCAR says it wants to resume Russian gas purchases; Azerbaijan has supplied Vietnam with more than 1.1 million tonnes of crude since 2023. Oil Outlook: The 2027 budget framework assumes prices will stay above $65 a barrel, though officials warn market swings could affect the budget and sovereign fund assets.
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