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IMF: AZERBAIJAN CAN SHARE NIGERIA'S FATE
PanARMENIAN.Net
06.04.2007 16:54 GMT+04:00
/PanARMENIAN.Net/ According to assessments of the International
Monetary Fund Azerbaijan could gain $25 billion during 2005-2010
and some $200 million before 2005, said Bazil Zavoyko, the head of
the IMF Baku Office. If the government doesn't proceed to thorough
analysis of the situation Azerbaijan may share the fate that befell
the states rich in oil but incapable to conquer the desire to spend
petrodollars in some 5 years, like Nigeria for example," Zavoyko said.
With control over the oil income and budget expenses the inflation
index should make 6-7%. However, inflation in Azerbaijan is amounted
to double-digited number, realazer.net reports.
PanARMENIAN.Net
06.04.2007 16:54 GMT+04:00
/PanARMENIAN.Net/ According to assessments of the International
Monetary Fund Azerbaijan could gain $25 billion during 2005-2010
and some $200 million before 2005, said Bazil Zavoyko, the head of
the IMF Baku Office. If the government doesn't proceed to thorough
analysis of the situation Azerbaijan may share the fate that befell
the states rich in oil but incapable to conquer the desire to spend
petrodollars in some 5 years, like Nigeria for example," Zavoyko said.
With control over the oil income and budget expenses the inflation
index should make 6-7%. However, inflation in Azerbaijan is amounted
to double-digited number, realazer.net reports.