BAKU, Azerbaijan, July 16. This week it has become known that the World Bank is developing the new partnership framework document with Azerbaijan, which is to outline the priorities for the next five years.
Moreover, it has been revealed that the European Investment Bank is ready to expand cooperation with Azerbaijan on public and private sector projects.
It was also reported that the International Monetary Fund (IMF) updated Azerbaijan's balance of payments forecast for 2022, according to which the current account balance would reach 24.6 percent of GDP following the results of 2022.
In addition, the IMF has upgraded the forecast for Azerbaijan's nominal GDP by 2027.
According to IMF, Azerbaijan's nominal GDP will exceed 122.9 billion manat ($72.3 billion) in 2022, 126.319 billion manat ($74.3 billion) in 2023, 129.278 billion manat ($76.09 billion) in 2024, 133.279 billion manat ($78.4 billion) in 2025, 138.358 billion manat ($81.4 billion) in 2026, and 145.008 billion manat ($85.35 billion).