Between 2022 and 2026 the Azerbaijani government has pledged to spend AZN 28.9 billion (USD 17 billion) on the restoration of Karabakh, this was stated in the country report of the Fitch Solutions (FS) company belonging to the Fitch Group, APA-Economics reports.
It was noted that much of this spending will be on infrastructure including renewable energy infrastructure which – eventually – will help to boost electricity exports to neighboring Turkiye and Georgia.
“Ongoing reconstruction in Karabakh will keep investment elevated in 2025. Investment will remain an important contributor to headline growth adding 1.5pp in 2025, compared to 1.7pp in 2024. Boosting non-oil exports, such as green electricity, is a key part of the government’s decarbonization and diversification strategy,” FS added.
