Bank Of Baku

Nazim Imanov: “GUAM has been established by politicians, but the economy will develop it”

Nazim Imanov: “GUAM has been established by politicians, but the economy will develop it”
# 29 May 2008 16:11 (UTC +04:00)
Baku. Lachin Sultanova–APA. “GUAM has been established by politicians, but the economy will develop it”, said Professor Nazim Imanov, Editor-in-Chief of “The Caucasus and Globalization” journal at the GUAM development strategy conference. He said currently the GUAM member countries unified because of conflicts in their territories. “After the solutions of those conflicts, economic completion will unify the politics. Azerbaijan is a country with investment capacity. Our country has resources amount to 8 billons USD and this figure will be 300 billions USD at the expense of oil revenues in 15-20 years”. Imanov said other GUAM countries needed in the investments. The economic scientist considers that if the GUAM countries will find common economic interests, the organization will have great prospects.
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