Azerbaijan and World Bank discuss new partnership framework
Chairman of the Central Bank of Azerbaijan Taleh Kazimov has met with a delegation of the World Bank headed by Regional Director for the South Caucasus Roland Price. This is reported by the CBA.
The report says that the meeting discussed projects and initiatives implemented in our country within the framework of cooperation with the World Bank, as well as the preparation of a new partnership framework that will contribute to the reforms carried out in Azerbaijan.
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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