ADB: New Devaluation Is Possible in Azerbaijan

ADB: New Devaluation Is Possible in Azerbaijan The Asian Development Bank (ADB) has published today an update to its report Asian Development Outlook (ADO 2015 update), sharply reduced the projected surplus of current account of Azerbaijan’s balance of payments. According to ADO 2015 update, the forecast of Azerbaijan’s surplus for 2015 was reduced from 12% to 6% of GDP and in 2016 from 13.4% to 8% of GDP. At the same time the Bank has kept the... Read More