BAKU, Azerbaijan, October 30. A meeting was
held in Azerbaijan with a delegation from the World Bank to discuss
issues related to improving the business environment in the country
and promoting sustainable economic growth and employment, Trend reports via the
Ministry of Economy.
Thus, Minister of Economy Mikayil Jabbarov met with a delegation
headed by Asad Alam, World Bank Regional Director for Prosperity in
Europe and Central Asia.
The meeting noted the successful cooperation between Azerbaijan
and the World Bank.
In addition, information was presented on the dynamic
development of business in Azerbaijan, the promotion of the non-oil
and gas sector, the “green” and export-oriented economy, as well as
support for entrepreneurship, especially small and medium-sized
businesses. Problems and opportunities in these areas were also
noted. Issues related to the development of the national economy,
the importance of the private sector, the promotion of
development-oriented investment, and support for innovative
initiatives were discussed.
The parties exchanged views on the areas planned for inclusion
in the draft “Strategy for Socio-Economic Development of the
Republic of Azerbaijan for 2027-2030,” improving the business
environment, promoting sustainable economic growth, and employment.
They considered the possibilities of applying the results of
analyses conducted in international practice on intensive business
development and research methodologies related to stimulating the
private sector in Azerbaijan.
