Azerbaijan, Baku, December 1 / Trend , U.Sadikhova /
Countries should coordinate their actions in order to overcome the global financial crisis, said former British Prime Minister Tony Blair.
"Now rebalancing is recorded in the world economy, so the actions of countries to overcome the crisis must be coordinated," Blair, who is on visit to Baku, told Trend .
On Dec. 1, the former British Prime Minister Blair arrived on a private visit to Azerbaijan at the invitation of the Azerbaijani AZMECO Company. The purpose of the visit of the former prime minister of Great Britain is to participate in the signing ceremony of a $120 million loan agreement between the European Bank for Reconstruction and Development (EBRD) and AZMECO to build a methanol producing plant.
The financial crisis erupted and became global in autumn 2008 after the bankruptcy of one of the world's largest investment banks Lehman Brothers.
Tony Blair is the leader of the Labor Party of Great Britain, 73rd Prime Minister of this country (from 1997 to 2007.).
On the day of resignation, 27 June 2007, he was appointed special envoy of peace "quartet" on Middle East settlement, in January 2008 - a senior advisor and member of the Council on International Affairs of JPMorgan Bank.
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