Azerbaijan attended meeting of WB and IMF electoral group in Dushanbe on 2 July.
Azerbaijan attended a meeting of the World Bank (WB) and International Monetary Fund (IMF) electoral group held on 2 July in the Tajik capital Dushanbe. Chairman of the Central Bank of Azerbaijan Taleh Kazimov said.
"At the meeting of the Swiss-led select group, we talked about the implementation of consistent reforms in our country, contributing to long-term sustainable development and welfare; informed the participants of the event about the main macroeconomic indices and trends in the development of the financial sector. Also, we once again emphasized the importance of Azerbaijan’ holding such a globally important event as COP-29 and related activities," he noted.
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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