Azerbaijan has significant political and economic stability, with important developments in this area taking place in the country for more than 30 years.
Operative Information Center-OMM reports that President Ilham Aliyev made the remarks at an event titled “Restoring trust in a fragmented world: The South Caucasus as a pillar of global connectivity and investment stability,” held in Baku as part of the 2nd Azerbaijan International Investment Forum under his patronage.
The President said that in the 1990s, particularly in the early years of that decade, a large part of Azerbaijan’s territory was under occupation and the country had nearly 1 million refugees and internally displaced persons:
“This had a serious impact on the country’s socioeconomic situation. But today, Azerbaijan’s political and economic situation is a very important factor. Another important factor is the strength of our financial capabilities. Our foreign debt is already at a very low level. We can clear it completely in one day.”
Azerbaijan’s fiscal position and low external debt are among the factors the country highlights in presenting itself as an attractive destination for investment. Economic and political stability, together with financial resilience, can help support long-term investment and infrastructure projects.
