ECONOMY
AZERBAIJANI MINISTER OF ECONOMIC DEVELOPMENT MEETS WB MEMBER
Azerbaijani Minister of Economic Development Heydar Babayev has met with Luke Barbony, head of the WB sector for poverty reduction and economic management.
Mr. Babayev underlined that Azerbaijan’s economy is rapidly developing, including the oil and not-oil sectors. Preferential credits of the National Fund for Entrepreneurship Support and Agroleasing Stock Company to the producers of the agricultural goods play an important role in development of the non-oil sector. Minister hailed the relations between the government of Azerbaijan and the World Bank.
Mr. Barbony highly valued the country’s construction works. He underlined that the WB prepares the Economic Memorandum to analyze the economic processes of Azerbaijan.
The sides shared views on other issues of mutual interest.
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