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Azerbaijan's Azexport portal reveals total value of export orders

Business Materials 20 April 2021 22:30 (UTC +04:00)
Azerbaijan's Azexport portal reveals total value of export orders

BAKU, Azerbaijan, Apr. 20

By Fidan Babayeva - Trend:

Azerbaijan’s Azexport portal has received export orders worth over $2 billion to date, Vusal Gasimli, Executive Director of the Center for Analysis and Communication of Economic Reforms of Azerbaijan (CAERC), said, Trend reports.

Gasimli made the remark at an event dedicated to the 5th anniversary of the organization.

According to the CAERC representative, over 5 years, the CAERC has created the laboratory of economic analysis EconLAB, which has become one of the world's recognized laboratory centers.

"In this laboratory, with the support of the World Bank, International Monetary Fund, Asian Development Bank, the EU and SECO, such analysis models as financial programming, general balance, etc. have been created," Gasimli said.

He noted that through partnerships with the UN and the World Bank, progress was made in applying best practices in monitoring and evaluation in the field, improving skills in this area, and the principles of good governance were observed.

"Over the five years of its activity, CAERC has participated in the development of up to 50 strategies, programs, action plans, concepts, strategic roadmaps, feasibility studies and other documents, as well as in the process of economic justification necessary for the reintegration of Karabakh into the country's economy," Gasimli said.

The Center for Analysis and Communication of Economic Reforms (CAERC) was established by the decree of President of Azerbaijan Ilham Aliyev on April 20, 2016 with the aim of expanding the coverage of economic reforms carried out in the country and effective coordination of work in this area.

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