Without Loans, Real Sector Not to Develop - Vahid Ahmedov

The reason for the reduction of problem loans is that in fact banks have stopped issuing loans, MP Vahid Ahmedov said at a meeting of the parliamentary committee on economic policy, industry and entrepreneurship.

The MP noted that the stabilization of AZN is connected with the limitation of the money supply.

“The real sector is not developing, as loans are not provided in Azerbaijan. We will see the consequences of this in 2-3 months. Reducing the money supply, it is impossible to develop the non-oil sector,” he said.    -----71D

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