Bank Of Baku

USAID: Azerbaijan economy reliance on oil comes to an end

USAID: Azerbaijan economy reliance on oil comes to an end
# 16 April 2009 15:01 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. The development of Azeri economy dependent on oil is at the final stage now, said USAID/Azerbaijan Mission Economist, Dr. Paul Davis.

In his words, non-oil sector will the main driving force later on.

He said the long-term development of Azeri economy relies on non-oil sector growth.

Paul Davis said the government should redouble attention to the private sector and create enabling environment for private investors to enter different areas of the economy.
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