International Monetary Fund (IMF) believes that growth of assets of State Oil Fund of Azerbaijan (SOFAZ) will be minimal in the intermediate-term forecast.
IMF expects that during 2014 SOFAZ assets will total $37,723 billion and in 2015 they will increase up to $38,484 billion.
Increase in SOFAZ assets will not be supported by the growth of oil industry of Azerbaijan economy (IMF forecasts reduction of the non-oil GDP by 0.1% in 2014 and 2015). The proficit of the current payment balance of Azerbaijan will also not help. In 2014 IMF forecasts it at 15% of GDP, in 2015 –only 9.9% of GDP.