Azerbaijan, IMF to mull prospects for economic development
By Nigar Abbasova
The Azerbaijani government and the International Monetary Fund (IMF) will consider prospects for the country’s economic development and latest tendencies in the country’s development.
A source in the government told Trend that the discussions will be held during an IMF delegation’s official visit to Baku, which started on February 28.
The delegation is headed by Chief of IMF mission in Azerbaijan Mohammed El Gorchi. The mission of the Fund has already had meetings at Azerbaijan’s Economy Ministry, Finance Ministry, Central Bank (CBA), State Oil Fund (SOFAZ) and Financial Market Supervisory Body (FMSB).
El Gorchi earlier said that the Fund may render its assistance to the country in the improvement of macroeconomic policy and strengthening of institutes, which are considered to be essential constituents of reforms.
The Fund forecasts Azerbaijan's economic growth at 1 percent in 2017.
The International Monetary Fund opened its office in Baku in 1992. The Fund allocated loans worth $577.3 million to Azerbaijan for supporting the country's economic reform program during 1995-2005. Azerbaijan has fully repaid the loans.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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