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IMF PRESENTED ANALYSES OF REALITIES AND PROSPECTS OF NEAR EAST AND CENTRAL ASIAN COUNTRIES’ ECONOMIES

Business Materials 4 October 2005 15:07

The International Monetary Fund (IMF) presented the analyses on realities and prospects of the economies of the Near East and Central Asian countries. The report was presented by the IMF Near East and Central Asia Department Director Julian Berengaut, according to Trend . The analyses consist of there parts: assessment of the latest processes and perspectives of the world economy, assessment processes and perspectives of economy in the Near East and Central Asia.

According to Julian Berengaut, the rate of the national currency in all countries of the region was stable, except for Armenia. He also noted for the rise in prices of the currency exchange rate a number of factors make impact, particularly, considerable increase of the export volume, in-flow of the capital which causes a sharp grow of the currency reserves. According to his forecasts, this process will go on thanks to favorable conditions for that.

According to the expert, IMF stands for carrying out of the balanced policy for the real exchange rate regulation in Azerbaijan.

The IMF analyses also note the governments of the regions’ counties are to execute a number of monetary measures aimed at lowering the inflation index, to implement structural transformations for the domestic production development, to introduce innovations in the financial sector and so on.

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