‘Azerbaijan is a completely independent state from economic point of view’
Baku, March 26 (AZERTAC). “Azerbaijan is a completely independent state from the economic point of view. Azerbaijan is developing only thanks to its own capabilities,” President Ilham Aliyev said in his speech in nationwide festivities on the occasion of Novruz holiday.
The President said “we are building our policy solely on our own capacities. The ongoing economic reforms are improving people's daily lives. At the same time, the leading international financial and economic institutions are also seeing these realities and evaluating them. The credit ratings of some leading European countries which are faced with the crisis are being downgraded by international rating agencies, while the credit rating of Azerbaijan is rising.”
“According to the estimates of the Davos World Economic Forum, number one economic forum in the world, the Azerbaijani economy is ranked first in the CIS and 46th in the world in terms of competitiveness. All these statistics give reason to say again that the prudent political and economic reforms conducted in Azerbaijan are bearing fruit.”
The head of state noted “Azerbaijan has also become a donor country for international financial institutions. Our strong financial situation allows us to invest our financial resources, including outside the country, which increases our influence opportunities. We are the leading country in the region. Not a single project or initiative can be implemented in the region without the consent of Azerbaijan.”
Other news in this section
