IMF ready to support economic reforms in Azerbaijan (UPDATE)

Business Materials 25 May 2016 19:36 (UTC +04:00)

Details added (first version posted on 18:32)

Baku, Azerbaijan, May 25

By Azad Hasanli - Trend:

The International Monetary Fund (IMF) is ready to support the economic reforms in Azerbaijan.

During a meeting of Azerbaijan's Finance Minister Samir Sharifov with the IMF Managing Director Christine Lagarde at the 9th Astana Economic Forum, the parties expressed mutual interest in IMF's supporting the economic reforms underway in Azerbaijan, both with participation of relevant experts and at the level of technical assistance, Azerbaijan's Finance Ministry said May 25.

At the meeting, it was also pointed out that the IMF supports the measures taken in Azerbaijan for protecting the interests of local producers and maintaining the country's reserves.

The same day, Samir Sharifov took part in the 9th Astana Economic Forum.

Addressing roundtable discussions, Sharifov talked about the measures taken under the leadership of Azerbaijan's President Ilham Aliyev to mitigate the negative impact of the external economic shocks on the country's macroeconomic situation.