WTO, IMF, and WB urge to eliminate export restrictions on COVID-19 vaccines

[ad_1] The export restrictions and any other trade barriers on COVID-19 vaccines and the inputs involved in their production should be eliminated, the World Health Organization (WHO), the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank said in a joint statement. “This crisis of vaccine inequity is driving a dangerous… Continue reading WTO, IMF, and WB urge to eliminate export restrictions on COVID-19 vaccines

WB, IMF to complete assessment of Azerbaijan’s financial sector

[ad_1] The World Bank (WB) plans to complete the third assessment of the financial sector of Azerbaijan as part of the FSAP (Financial Sector Assessment Program) within 2-3 months, Report informs, citing Sarah Michael, the World Bank (WB) Country Manager for Azerbaijan. The Azerbaijani government has applied with a request to conduct the subsequent assessment… Continue reading WB, IMF to complete assessment of Azerbaijan’s financial sector

IMF recommends Azerbaijan to gradually normalize bank prudential & regulatory measures

[ad_1] In response to the COVID pandemic, monetary policy in Azerbaijan has been appropriately eased, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Interest rate cuts, in the context of the de facto peg to the… Continue reading IMF recommends Azerbaijan to gradually normalize bank prudential & regulatory measures

IMF: Structural reforms needed in Azerbaijan for long-term growth potential

[ad_1] Structural reforms are needed in Azerbaijan to boost productivity and long-term growth potential, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. Comprehensive structural reforms in line with the recently approved national priorities for socio-economic developments… Continue reading IMF: Structural reforms needed in Azerbaijan for long-term growth potential

IMF recommends support to Azerbaijan’s economy until sustainable recovery

[ad_1] Over the longer term, fiscal policy in Azerbaijan needs to shift to gradual and growth-friendly consolidation, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Given the projected decline in oil resources, oil wealth needs to… Continue reading IMF recommends support to Azerbaijan’s economy until sustainable recovery

IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production

[ad_1] Risks to the outlook of the Azerbaijani economy are broadly balanced, although uncertainty about the future of the pandemic remains high, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Vaccination is expected to help defeat… Continue reading IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production