WB OFFICIALS BRIEF JOURNALISTS IN BAKU
Baku, February 3 (AZERTAC). Visiting Baku the World Bank`s vice-president for Europe and Central Asia Shigeo Katsu, the bank`s newly appointed regional director for the South Caucasus Asad Alam and his predecessor Donna Dowsett-Coirolo held Tuesday a press conference.
Shigeo Katsu said during their three-day visit they conducted fruitful meetings on a wide range of topics, including prospects for developing bilateral relations between the country and the bank.
“We consider that Azerbaijan is well prepared to face global financial crisis,” he underlined.
Katsu said the falling price of oil necessitates development of non-oil sector in the country.
He pointed out “there will be no reasons for concern in case government expenditure is used efficiently and effectively”
Dowsett-Coirolo said during her tenure she witnessed rapid economic development in Azerbaijan. She stressed future economic development of the country depends on non-oil sector.
Asad Alam, in turn, said he will make every effort to strengthen and enhance cooperation between the World Bank and Azerbaijan.
