Azerbaijan enters 2024 with vital funding momentum,
rating seventh on the record of prime 10 international direct funding
(FDI) precedence locations for 2024, Azernews
experiences.

In response to the annual FDI Standouts Watchlist examine, the
nation’s sturdy macroeconomic efficiency has performed a key position in
making Azerbaijan one of many prime FDI locations globally.

The examine, carried out by FDI, assesses the macroeconomic
efficiency and FDI trajectories of the world’s prime 50 FDI
locations. The examine makes use of knowledge from the Worldwide Financial
Fund (IMF) and the FT’s cross-border funding monitor known as FDI
Markets. The goal of this complete evaluation is to determine
international locations beginning the brand new yr with sturdy macroeconomic
efficiency and spectacular FDI progress charges.

Be aware that the Worldwide Financial Fund (IMF) forecasts
Azerbaijan’s actual gross home product (GDP) progress at 2.5 per
cent in 2024.

The record was topped by Cambodia, which is able to keep excessive
funding progress charges in 2024. Cambodia topped the record attributable to
its excessive financial progress fee, anticipated GDP enhance of 6.1 per
cent in 2024, and profitable commerce relations with China and South
Korea.

It ought to be famous that Azerbaijan’s Caspian neighbour,
Kazakhstan, took the sixth place within the aforementioned FDI
Intelligence FDI rating for 2024.

In flip, the highest 10 international locations, along with Azerbaijan,
Kazakhstan and Cambodia, embody the Philippines, Kenya, Iraq,
Namibia, Morocco, Serbia and India.

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