IMF Forecasts Highest Inflation Rate for 2009 in Azerbaijan Kyrgyzstan and Tajikistan
Azerbaijan, Baku, 23 October / Trend , corr. N.Ismayilova /The International Monitory Fund (IMF) forecasts drop in consumer inflation rate in 2009 from the current 22.4% to 20%, the regional economic report by IMF for the Middle East and Central Asia, said.
"The countries in the region used the wide diapason of political actions to keep increase in the inflation rate and to soft its social influence. Most countries took non-permanent measures to insure foodstuff and incomes of the poverty," is stated in the report.
The increase of salaries of state servants ranged from 10% in average in Mauritania and 1505 in Azerbaijan.
According to the export of the fund, most Governments have increased the social guarantee systems. Some countries -Azerbaijan, Kyrgyzstan, Morocco and Uzbekistan, increased salaries of law paid state servants. Many countries raised the universal subsidy volumes, which are usually used before increase in prices, especially for the main foodstuff basket (Egypt, Jordan and Pakistan), fuel and energy (Morocco and Yemen) and to purchase agricultural fertilizing (Azerbaijan and Pakistan).
"Some countries started to subsidy agricultural expenditure (Azerbaijan) and increase to credit agriculture (Tajikistan) in order to stimulate the internal foodstuff production," is stated in the report.
The highest inflation rate is expected in the Caucasus and Middle Asia countries with the average 17% rate. The maximum inflation rate will over 20% is forecasted in Azerbaijan, Kyrgyzstan and Tajikistan.
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