Bank Of Baku

FAO includes Azerbaijan in the list of countries with the lowest level of hunger

FAO includes Azerbaijan in the list of countries with the lowest level of hunger
# 21 September 2011 08:34 (UTC +04:00)
The statement FAO says that the global economic crisis had less influence on Azerbaijan than other countries in the region. Thus, in 2009, real GDP growth in the country was at its highest level in the region (9%), and in 2010 GDP increased by 5%.

”Economic growth in Azerbaijan in the last 10 years has reduced poverty from 49% in 2001 to 11% in 2009 and to 9% in 2010. Nevertheless, durable growth in food prices has a greater impact on 20% of the poor, 60% of the cost of which is spent on food”.
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