BAKU, Azerbaijan, November 4. Azerbaijan and the International Monetary Fund (IMF) discussed the directions for the development of the energy sector, Trend reports.
According to Azerbaijan's Ministry of Economy, a meeting was held with a delegation led by Anna Bordon, the head of the IMF mission in Azerbaijan.
Deputy Minister of Economy Samad Bashirli briefed the group on Azerbaijan's economy, the work carried out within the Azerbaijan Socio-Economic Development Strategy for 2022-2026, luring investments in freed territories, and the incentives used.
As part of its cooperation with international financial institutions, including the IMF, Azerbaijan places a high priority on fostering advanced experience and technological advances, according to the deputy minister.
Bordon pointed out the development of relations between the IMF and Azerbaijan and shared her views on this partnership.
Additionally, the parties discussed medium-term prospects, the directions for the development of the energy sector, recent tax policy and administration reforms, as well as measures planned for future periods.
On September 18, 1992, Azerbaijan became a member of the IMF. Since 2006, Azerbaijan's government has not borrowed from the IMF, and collaboration has taken the form of consultations on Article IV of the fund's charter and technical missions on the key lines of macroeconomic policy.
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