Seco Consultant Assists NBA in Improving Real Sector Forecasting System
Azerbaijan, Baku / Trend corr I. Khalilova / A consultant from the Swiss State Secretariat for Economic Affairs (Seco), Anna Lenblad, will continue technical assistance consultations to the National Bank of Azerbaijan (NBA), the head of the NBA Statistics & Research Department, Emin Huseynov, said.
Seco expert intend to meet the NBA's new staff in the monetary sector, to render assistance in the improvement of real sector forecasts and files, which will be developed jointly with the Azerbaijani Economic Development Ministry.
The NBA required assistance in the improvement potential of the real sector monitoring group which is necessary for enabling activities of the group which was established in the NBA in 2006. Familiarization with international experience of real sector monitoring is underway now.
According to Huseynov, mutually beneficial cooperation is being implemented between Seco and the Economic Development Ministry. The Economic Development Ministry required an additional consultant on financial programming.
The financial program established by Seco in the NBA was implemented in 2004 and is used by the Economic Development Ministry, Finance Ministry, SOFAR, and NBA in developing macroeconomic forecasts for 2008.
Seco currently renders technical assistance to the NBA in two directions - financial programming and econometric training.