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EIN News (press release)
June 24 2011
Innovative Post-Conflict Reconstruction Study for Nagorno-Karabakh
Territories of Azerbaijan Launched in Brussels
PR Newswire
BRUSSELS and LONDON, June 25, 2011 /PRNewswire/ --
- International Bank of Azerbaijan Commits to Help Finance
Reconstruction Estimated $60 Billion to Rehabilitate All Affected
Territories
- Study Based on World Bank and EBRD Post-Conflict Reconstruction Models
Latvian MEP Inese Vaidere held a dinner debate to present a new study
on the rehabilitation of Azerbaijan's post-conflict territories at the
European Parliament on 20 June. The discussion completed a three
capital cycle in London and Washington. The forward-looking study
offers a "businessman's blueprint" for post-conflict reconstruction of
the Nagorno-Karabakh related territories. The status of these
territories and their economic development remains unresolved since
the 1988-1994 war between Armenia and Azerbaijan that left one-fifth
of Azerbaijan occupied by Armenian forces.
The book, Basic Principles for the Rehabilitation of Azerbaijan's
Post-Conflict Territories, is the undertaking of an independent team
of experts, economists and scholars led by Dr. Eldar Ismailov,
Chairman of the Baku and Stockholm-based Institute for Strategic
Studies of the Caucasus (ISSC) and former Opposition Member of
Parliament, Dr. Nazim Muzzafarli. The International Bank of
Azerbaijan (IBA) supported the research. The new study provides a
sector-by-sector analysis and order of battle for rehabilitation and
reconstruction of $30 billion in basic infrastructure and services for
territories around Nagorno-Karabakh. Total reconstruction costs top
$60 billion by Government estimates for all affected territories.
"IBA commits itself with its international partners to helping to
finance reconstruction of the affected territories, if and when that
time comes," stated Chairman of the International Bank of Azerbaijan
Dr. Jahangir Hajiyev in London. "We hope to see the soonest possible
start to reconstruction of the damaged areas when the two sides have
agreed. The opportunity cost to all the peoples of the region for
social, economic and political development has been too high," he
added. The Caspian region is recognized as the fastest growing trade
corridor in the world.
Dr. S. Frederick Starr, Chairman of Johns Hopkins University's Central
Asia and Caucasus Institute (CACI) and author of the book's
introduction, explained that currently in these territories there is
little or no electricity, telecommunications, water, police and other
critical infrastructure and services vital to the return of
populations and economic development. Alexandros Peterson, Research
Director at the Henry Jackson Society, warned that unaddressed, the
conflict region could become a larger haven for the export of
instability, drug trafficking and other threats to regional political
and economic stability.
London launch host, Lord Waverley, Chairman of the Central Asia
All-Party Parliamentary Group at Westminster, urged "a balanced
hearing of issues on both sides of the conflict which may be
resolvable" and "modicum of common sense." Co-host Lady Barbara
Judge, Chair of the School of Oriental and African Studies (SOAS)'s
Middle East Institute Advisory Council, asked if there were additional
good auspices in the EU, think tanks and research organizations that
could broaden communications.
CONTACT: Lyndsay Howard, PANGAEIA Communications, [email protected] US
+1-203-542-7777 and UK +44-207-7321-3900
http://www.einnews.com/pr-news/460402-innovative-post-conflict-reconstruction-study-for-nagorno-karabakh-territories-of-azerbaijan-launched-in-brussels
From: Baghdasarian
June 24 2011
Innovative Post-Conflict Reconstruction Study for Nagorno-Karabakh
Territories of Azerbaijan Launched in Brussels
PR Newswire
BRUSSELS and LONDON, June 25, 2011 /PRNewswire/ --
- International Bank of Azerbaijan Commits to Help Finance
Reconstruction Estimated $60 Billion to Rehabilitate All Affected
Territories
- Study Based on World Bank and EBRD Post-Conflict Reconstruction Models
Latvian MEP Inese Vaidere held a dinner debate to present a new study
on the rehabilitation of Azerbaijan's post-conflict territories at the
European Parliament on 20 June. The discussion completed a three
capital cycle in London and Washington. The forward-looking study
offers a "businessman's blueprint" for post-conflict reconstruction of
the Nagorno-Karabakh related territories. The status of these
territories and their economic development remains unresolved since
the 1988-1994 war between Armenia and Azerbaijan that left one-fifth
of Azerbaijan occupied by Armenian forces.
The book, Basic Principles for the Rehabilitation of Azerbaijan's
Post-Conflict Territories, is the undertaking of an independent team
of experts, economists and scholars led by Dr. Eldar Ismailov,
Chairman of the Baku and Stockholm-based Institute for Strategic
Studies of the Caucasus (ISSC) and former Opposition Member of
Parliament, Dr. Nazim Muzzafarli. The International Bank of
Azerbaijan (IBA) supported the research. The new study provides a
sector-by-sector analysis and order of battle for rehabilitation and
reconstruction of $30 billion in basic infrastructure and services for
territories around Nagorno-Karabakh. Total reconstruction costs top
$60 billion by Government estimates for all affected territories.
"IBA commits itself with its international partners to helping to
finance reconstruction of the affected territories, if and when that
time comes," stated Chairman of the International Bank of Azerbaijan
Dr. Jahangir Hajiyev in London. "We hope to see the soonest possible
start to reconstruction of the damaged areas when the two sides have
agreed. The opportunity cost to all the peoples of the region for
social, economic and political development has been too high," he
added. The Caspian region is recognized as the fastest growing trade
corridor in the world.
Dr. S. Frederick Starr, Chairman of Johns Hopkins University's Central
Asia and Caucasus Institute (CACI) and author of the book's
introduction, explained that currently in these territories there is
little or no electricity, telecommunications, water, police and other
critical infrastructure and services vital to the return of
populations and economic development. Alexandros Peterson, Research
Director at the Henry Jackson Society, warned that unaddressed, the
conflict region could become a larger haven for the export of
instability, drug trafficking and other threats to regional political
and economic stability.
London launch host, Lord Waverley, Chairman of the Central Asia
All-Party Parliamentary Group at Westminster, urged "a balanced
hearing of issues on both sides of the conflict which may be
resolvable" and "modicum of common sense." Co-host Lady Barbara
Judge, Chair of the School of Oriental and African Studies (SOAS)'s
Middle East Institute Advisory Council, asked if there were additional
good auspices in the EU, think tanks and research organizations that
could broaden communications.
CONTACT: Lyndsay Howard, PANGAEIA Communications, [email protected] US
+1-203-542-7777 and UK +44-207-7321-3900
http://www.einnews.com/pr-news/460402-innovative-post-conflict-reconstruction-study-for-nagorno-karabakh-territories-of-azerbaijan-launched-in-brussels
From: Baghdasarian