July 22
WB endorses 2015-2020 Country Partnership Framework for Azerbaijan
The World Bank Group's Board of Executive Directors has discussed and endorsed the 2015-2020 Country Partnership Framework (CPF) for Azerbaijan.
This CPF aims at supporting Azerbaijan on its path toward sustainable, inclusive and private sector-led growth.
The CPF focuses on two areas: Public Sector Management and Service Delivery and Economic Competitiveness.
Ilham Aliyev talks economic ties and co-op opportunities with EU countries
At the joint press conference with the President of European Council Donald Tusk, Azerbaijani President Ilham Aliyev touched upon the economic ties between the country and the EU.
"We are very glad that Europe is our main trading partner," Ilham Aliyev said. "Almost half of our foreign trade is with the member states of the European Union."
President Aliyev said that the EU countries are the main investors of Azerbaijan. He further said that some 50 percent of investments into the country come from the European Union.
"There is good potential to develop economic cooperation and other forms of economic activity," he said.