Media Review for March 11, 2020

Reducing the cost of oil remains a media priority, as well as government action.

The newspaper Azerbaijan reports on a meeting of the Cabinet of Ministers on March 10, which discussed the impact of the global crisis on Azerbaijan, as well as the situation with Corona Virus.

The author believes that the country's economy is fairly stable and monetary and economic policy measures will keep inflation at a certain level.

All social projects and obligations under the state budget adopted for 2020 are implemented in full and on time. Tough measures will be taken against unjustified shortages or price increases.

The Azadliqinfo website is discussing with the economist Gubad Ibadoglu the ways out of the oil crisis. He notes that the authorities want to get out of this crisis at the expense of petrodollars.

The anti-crisis "pillow" of security for the government can only be a reserve of the Central Bank of 6.4 billion dollars. The economist criticizes the government’s intention to solve its problems with funds belonging to the future generation.

Musavat.com discusses the possibility of increasing oil prices. On March 18, OPEC will hold a meeting at which it will prepare new recommendations regarding oil production for the post-March period. The article notes that the price of oil from March 9 to 10 increased by 7%. This week, the price is likely to rise above $ 40. Experts believe that if the price of oil is $ 45-50 per barrel, then there will be no need to revise the country's budget.