SOFAZ has completed the elaboration of a long-term economic model for Azerbaijan, Trendreports. Shahmar Movsumov, the SOFAZ Executive Director, said during the today press-conference that it was the internationally-recognized organization, Oxford Economic, which assisted SOFAZ in the preparation of the economic model for the country. London-based Oxford Economic is specialized in economic modeling. According to him, the model includes economic results of the activity of the country over the last 6-7 years. The above-mentioned model has already been submitted to some state offices вЂ" Azerbaijan Economic Development Ministry, Finance Ministry, National Bank of Azerbaijan for further use. A memorandum to instructing in this issue was signed with BP a day or two ago. This modeling will have a positive effect on the strategy on using oil revenues. Since the country has different models, it may make different scenarios to determine tendencies on spending funds.
SOFAZ Jointly with Oxford Economic Prepared a Long-Term Economic Model for Azerbaijan
30 January 2007 20:13 (UTC+04:00)