In 2016, imports of wheat reached a record high - about 1.6 million tons, increasing by 18.2%, according to the State Customs Committee..
To purchase wheat exporters were paid $ 296.8 million, 0.6% less than in the previous year. A ton of wheat was purchased at the price of $ 184.4 per ton, $ 34.9 or 16% less than in 2015.
According to the Ministry of Agriculture, last year the volume of wheat production in Azerbaijan amounted to 1 million 844 thousand tons, which is 10% higher than in 2015. Independent experts say the government artificially inflates grain production figures. In their view, the share of local wheat in the bread-baking industry is negligible. 08B
Economics
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
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Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
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Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
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