Upon return of the International Monetary Fund (IMF) observation mission to Washington after its visit to Baku from November 8 to 20, it has softened its recommendations concerning fate of International Bank of Azerbaijan (IBA), the biggest bank on the South Caucasus. The mission’s statement reads that “in connection with suspension of IBA privatization”, the Azerbaijani authorities have been recommended to take measure to make IBA more reliable...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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