WB holds consultations in Baku

WB holds consultations in Baku The World Bank (WB) held in Baku on Thursday consultations to prepare for implementation of a second project “Azerbaijan rural investment” (AzRIP). Consultations were held with the participation of head of the working group for the project from the WB, senior social development specialist at the Department of Sustainable Development of Europe and Central Asia, Daniel Owen, AzRIP Director Subhan Asgerov, deputy... Read More

The World Bank Adjusted GDP Grow Forecast for Azerbaijan

The World Bank Adjusted GDP Growth Forecast for Azerbaijan The World Bank  (WB) also adjusted its forecast for GDP Growth in Azerbaijan in 2012, The Bank’s projection decreased from 6,1 % to 3.1%  according to  WB Global Economic Prospects Report.  Last week, International Monetary Fund (IMF) adjusted its economic growth for Azerbaijan from 7.2 % to 5.7 %. IMF’s newest explanation on modification was bottom on decreasing of oil production. According... Read More