Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
2. Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific

Public Administration News  
Azerbaijan Looking for New Economic Model
Source: http://en.trend.az/
Source Date: Saturday, December 17, 2016
Focus: Electronic and Mobile Government
Country: Azerbaijan
Created: Dec 20, 2016

Azerbaijan’s economic model covering the last 10 years has proved to be valuable, Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan (SOFAZ), told reporters in Baku.

"Over the last decade, this economic model has turned Azerbaijan into a completely new country and helped create modern infrastructure. However, in the new economic environment this model ceased to provide the necessary impetus,” he said.

“The oil prices fell in the world markets, manat has devaluated, the budget income has decreased, but this is an objective process. For this reason, a search for new economic models was initiated, the president gave relevant instructions and new structures were created," said Movsumov.

He reminded that Azerbaijani President Ilham Aliyev has earlier signed a decree endorsing “Strategic Road Maps for the national economy and main economic sectors.”

"These documents cover not only the economy in general, but also its separate spheres,” said Movsumov. “These are irreproachable documents which include all the necessary priorities and tasks. From this viewpoint, the country is in need of high-level economists.”

News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
0 ratings
Views: 174

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0

0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2019 by UNPAN - United Nations Public Administration Network