In Azerbaijan, State Oil fund (SOFAZ) assets rose to USD 60 bln by the end of 2024, up USD 3 bln, or 7.1%, from a year earlier. However, according to a national Chamber of Accounts report, funds assets are expected to decline by USD 110 mln this year, as fund spending is seen as outpacing revenue. Meanwhile, Azerbaijani President Aliyev repeated his call for Armenia to open a land corridor between Azerbaijan and the enclave of Nakhichevan, a contentious issue between the two countries.