Azerbaijan and The World Bank Discuss Insurance Partnership Program
In a significant step towards bolstering economic development, Azerbaijan and the World Bank engaged in discussions on the Country Partnership Program (CPF) for the period 2025-2028. Mikail Jabbarov, the Azerbaijani Economy Minister, took to the social network X to share insights into the fruitful meeting with Ms. Stephanie Stallmeister, Country Manager of the World Bank in Azerbaijan.
The talks revolved around key aspects outlined in the Country Partnership Framework, addressing the priorities vital for Azerbaijan's economic development. Minister Jabbarov underscored the importance of bilateral cooperation, emphasizing the collaboration's potential impact on the country's strategic objectives.
Azerbaijan and the World Bank are exploring potential investment projects within the upcoming CPF, aligning with the shared commitment to drive economic growth and address key developmental challenges. The discussions encompassed a broad spectrum of crucial topics, ranging from the World Bank's ongoing activities in Azerbaijan to the formulation of a new CPF.
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review