Preparations for Baku Consensus to End by Late 2007

Business Materials 4 December 2006 11:26 (UTC +04:00)

The presentation of Baku Consensus was held in Baku with the support of the ministry of Economic Development and the UNDP.

The Ministry informed Trend that an agreement on its organization on the base of Copenhagen Consensus' was achieved in August 2006 during the Baku meeting between the initiator of the Director of the Copenhagen Consensus', an initiator of the approach for the economic development and poverty reduction, Buorn Lomborg and the President of Azerbaijan, Ilham Aliyev.

The key objective of the Baku Consensus is to assist the government in the establishment of a mechanism for support of policy appraisal in the context of the expected oil revenues in the subsequent years.

In her remarks the Deputy Minister for Economic Development, Sevinj Hasanova, noted the importance of the Baku Consensus from the aspect of oil revenues in the relevant fields with respect to improve the living conditions of population.

The presentation was conducted by the Deputy Director of the Copenhagen Center, Henrikh Mayer.

Representatives from the state bodies, scientists and researchers, youth and non-governmental organizations, private sector members attended the event.

Major results of the Baku Consensus' initiative should be definition of optimal ways of resolutions for problems that Azerbaijan could face. The Council of Local Experts closely cooperates with a group, which is comprised of 8 international experts and 2 Nobel Prize Winners involved in this direction.

The preparations for Baku Consensus are scheduled to end by late 2007.