Governor of the Central Bank of Azerbaijan Elman Rustamov and other central bank officials recently met with a delegation from the World Bank led by Manager of MSME Finance Aurora Ferrari.
The two sides discussed current and future partnerships in a range of strategic and financial programs.
In addition to financing several developmental projects, the bank is also providing Azerbaijan with analytical and advisory services in order to help the country's growth strategy and policy choices.
The bank, in conjunction with the government of Azerbaijan, is also developing a multi-year Joint Economic Research Program that will ensure continuous access to policy advice and technical expertise.
"With a solid rise in income and a reduction in poverty, Azerbaijan weathered the recent global economic crisis much better than many other countries," the World Bank said in its latest country report on Azerbaijan. "But the post-crisis world is not free of challenges.
"While it withstood the crisis relatively well, the situation showed Azerbaijan's need for a diversified economy, market-based policies and better social services."
Azerbaijan joined the World Bank in 1992.
- THE BLACK SEA TRADE AND DEVELOPMENT BANK: BSTDB Acts as Anchor Investor in the First Corporate Bond Issue in Moldova
- GOVERNMENT OF ARMENIA: Deputy Prime Minister Tigran Avinyan Received the US Ambassador
- THE WORLD BANK: Urgent Structural Reforms Can Revive Pakistan’s Economic Growth
- TBC BANK - GEORGIA: TBC Bank's GEL 103 mln Loan Funded by FMO Won Best Local Currency Loan Award in CEE
- EUROPEAN INVESTMENT BANK: EIB to help protect 1,400km roads in rural Lao PDR from climate change
- CENTRAL BANK OF UZBEKISTAN: Republicanization of the Balance of the Republic of Uzbekistan, the position of investment position and the debts of debt
- THE BLACK SEA TRADE AND DEVELOPMENT BANK: New BSTDB Secretary General Assumes Duties
- AG BANK: 30% discount on "Royal Gallery Home Collection" stores with AGBank's cards!
- NATIONAL BANK OF UKRAINE: Speech by NBU Governor Yakiv Smolii at a press briefing on monetary policy
- NATIONAL BANK OF TAJIKISTAN: National Bank of Tajikistan and International Monetary Fund have considered cooperation issues