BAKU, Azerbaijan, September 11. Investments in
the Azerbaijani economy grew from January through August 2026.


Trend's
calculations based on the State Statistics Committee's data show
that over 12.6 billion manat ($7.4 billion) was invested in the
country's fixed capital during the reporting period. The figure
rose by 10% year-on-year.


During the period, 8.4 billion manat ($4.9 billion) was invested
in Azerbaijan's non-oil and gas sector, up 1.4% from the same
period last year.


The Chairman of the Central Bank of Azerbaijan (CBA), Taleh
Kazimov, said at a July 31 press conference on the parameters of
the interest rate corridor that the CBA had revised its economic
growth forecasts amid an increase in lending activity.


"We forecast economic growth of 0.5% in 2026, while GDP growth
in the non-oil and gas sector is expected to reach 2.4%. In 2027,
we expect economic growth of 2.6%, while growth in the non-oil and
gas sector is projected at 3.9%," the chairman said.


Kazimov noted that the central bank had revised its economic
growth expectations compared with its previous forecasts. The
previous forecast had projected GDP growth of 1.1% in 2026 and 3.2%
growth in the non-oil and gas sector. For 2027, the corresponding
forecasts had been 3.2% and 4.7%.


The CBA chief stressed that despite global economic
developments, there was no need for the central bank to change its
current monetary policy course.







"The Central Bank has action plans for various scenarios within
its monetary policy framework and is able to respond promptly to
changing economic conditions. There is currently no basis for
switching to a ‘Plan B,’ and therefore such a scenario is not being
discussed," he noted.


According to him, current macroeconomic indicators provide
sufficient grounds for continuing the existing policy.


"The macroeconomic environment and current regulatory indicators
provide grounds for continuing the current policy course.
Therefore, we are continuing to implement the strategy we have
chosen," he said.


The official added that all central banks prepare alternative
action plans to address potential risks.


"One of the key conditions for successful monetary policy is
making the right decision in a timely manner in response to
changing circumstances. We believe that the monetary policy we are
currently implementing will adequately address potential challenges
the economy may face in the medium and long term," he
emphasized.