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WB Expects Foreign Investors Returning Funds Invested into Azerbaijan Economy in 2006-2007

Business Materials 10 January 2007 16:25 (UTC +04:00)

According to the forecasts of the World Bank (WB), in 2006-2007, foreign investors will launch returning the funds invested into Azerbaijan economy resulting in disappearing of 25% of the GNP (Gross National Profit) from the country.

As Trend quoted the WB Partnership Strategy with the Azerbaijani Government for 2007-2010 that was recently published, despite of the trice-repeated increase in GNP in 2005-2009, the Oil Consortium will speed up the repatriation of capital within PSA if the oil prices are available.

In 2006, foreign investors expected to send $8.2 bln. for repatriation of the capital, and that is the amount of Azerbaijan GDP in 2004.

Taking into account the repatriation of the capital, national profit per capita in 2005 was $960. It is forecasted at $1650 in 2007. The process of the repatriation was accounted at planning a transition mechanism due to the International Development Association suspending its aid to Azerbaijan within the existing strategy.

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