Azerbaijan, Baku, Nov. 15 / Trend , N.Ismayilova /
The second forum on Azerbaijan's long-term economic development will be held in Baku by the World Bank (WB) in early 2012, the WB Baku office told Trend today.
It is assumed that the forum will be held in early March next year. Previously, the forum was scheduled for Oct. 17-18, 2011.
The main reason for postponing such an important event is connected with the conflicted graph of potential participants of the forum, the office reported.
According to WB representatives, the forum can contribute to the development of non-oil sector of Azerbaijan, economic diversification, job creation, human capital development and the achievement of concrete progress over the next 10-20 years.
"The main issues to be discussed at the forum are to improve the business climate in Azerbaijan, establish common rules for business activities, as well as form viable institutions necessary for the market economy," head of WB Baku office Joseph Owen said earlier.
Following the first such forum on Oct. 21, 2009, the sides agreed to prepare an action plan to diversify the economy with a view to improve development, as well as to hold a new forum to assess progress and results. The forum was organized in Baku with the participation of WB Managing Director Ngozi Okonjo-Iweala.
The forum created the opportunity for a constructive dialogue on economic diversification. The country was offered to prepare their own model of economic growth upon the experience of Ireland and Slovakia and balance the dependence on domestic and foreign markets.