Last week’s negotiations of the missions of international financial institutions with the leadership of Azerbaijan were difficult and fruitless.
As it became known to Turan from unofficial sources, in response to the request for credits, five requirements were billed: wide privatization, reduction of the state apparatus, a real judicial reform, the freezing of wages, pensions and public spending, and accession to the WTO.
According to the same source, of the five conditions the country's government agreed only to the first two. In consequence of that, the international organizations considered the issuing of loans impossible.
This gives reason to believe the government is not ready to conduct serious anti-crisis reforms.
According to the Financial Times, the Azerbaijani authorities planned to get loans of 4 billion USD from the IMF and the World Bank. However, the President denied the reports, calling them "false information from anti-Azerbaijani forces," and added that Azerbaijan does not need foreign financial assistance. -02B-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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