IMF REGARDS GRANTS-IN-AID IN FORM OF CHEAP ENERGY TARIFFS AS INEXPEDIENT
The International Monetary Fund (IMF) continues adhering an idea on inexpediency of grants-in-aid in the form of law energy tariffs, Augustine Karstens, Deputy Distribution Director of the IMF, said. The government would be better to sell energy resources at вЂ�right pricesвЂ™.
The assistance could be implemented through approval of social assistance from the budget, but not the grants-in-aid. It distorts a process of price rise, Karstens says.
The last rise in energy tariffs was implemented on 1 November 2004. In his turn the IMF recommended Azerbaijan to increase the prices of energy resources in line with the world prices.