Bank Of Baku

Azerbaijan develops economic diversification scheme

Azerbaijan develops economic diversification scheme
# 26 January 2010 16:39 (UTC +04:00)
Baku. Nijat Mustafayev - APA-ECONOMICS. A special document on the diversification of the economy is likely to be approved in Azerbaijan in mid-2010, said Adalat Muradov, Director of the Economic Policy Analysis and Forecasts Department under the Ministry of Economic Development

According to him, the Government of Azerbaijan and the World Bank are working on the document.

"This document is to be submitted to the head of state for approval after June. Following the approval of the document, the implementation of the strategy will start,” he added.

Muradov said that the new strategy plan mainly covers the development of non-oil sector, including exports of non-oil products.
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