Baku, Azerbaijan, Nov. 30
By Anvar Mammadov – Trend:
An International Monetary Fund (IMF) mission led by the Mission Chief Mohammed El Qorchi has arrived in Baku, the IMF Baku office told Trend.
The mission arrived for consultations with the Azerbaijani government on Article IV of the IMF Articles of Agreement, according to the message.
In particular, Azerbaijan’s draft state budget, economic reforms and macroeconomic forecasts will be discussed.
The mission will stay in Baku until December 14, 2017.
The IMF office was opened in Baku in 1992. In 1995-2005, the Fund allocated loans worth $577.3 million to Azerbaijan. Azerbaijan fully repaid the loans.
There has been no need for Azerbaijan to apply to the IMF for financial resources since 2005. Therefore, since 2006, the IMF and Azerbaijan have cooperated within the framework of consultations and technical assistance missions in main areas of macroeconomic policy.