BAKU, Azerbaijan, April 16. Azerbaijani President Ilham Aliyev signed a decree on the appointment of Taleh Kazimov as chairman of the Central Bank of Azerbaijan (CBA) this week, Trend reports.
Besides, in the reporting week, Javid Guliyev, Deputy Chairman of the Board of PASHA Bank, was appointed Acting Chairman of the Board of PASHA Bank.
In the outgoing week, the World Bank (WB) said that it may offer Azerbaijan a soft loan. The WB will apply special lending conditions for countries involved in conflicts. These conditions include lower interest rates on loans.
The offer in the field of soft lending for Azerbaijan will be valid until June 30, 2023.
Moreover, the WB published a forecast for the surplus of Azerbaijan's payment balance through 2024. According to the forecast, the current account surplus of the balance in 2022 will make up 22.7 percent of GDP.
Besides, the WB forecasted that the growth of the positive payment balance in Azerbaijan will slow down in 2023-2024. This figure is expected to be 16.5 percent in 2023 and 12.3 percent in 2024.
In addition, this week the Russian Gazprombank predicted an increase in the discount rate by the CBA by 100 basis points - up to 8.75 percent.