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 Press release - The Mission Of The World Bank In Baku (WB)

 Press release date: 08.12.1998

FOR IMMEDIATE RELEASE
 
Resident Mission in Azerbaijan
News Release No. Contact: Saida Bagirova
(994-12) 92-19-41; 92-09-85
Fax: (994-12) 92-14-79

THE MISSION OF THE WORLD BANK IN BAKU

Baku, December 9, 1998 – A World Bank Team led by Ms. Zeynep Taymas is visiting Baku to prepare the Country economic Memorandum (CEM). The CEM will focus on medium-term prospects of the country and update the knowledge on the state of economy of Azerbaijan. The main objectives of the mission are the following:

  1. review of recent economic trends in output, exports, imports, and prices. The issues of competitiveness of Azerbaijani economy, particularly the agricultural sector are expected to receive a major emphasis;
  2. review of medium-term prospects of possible rates and patterns of economic expansion. The issues of employment absorption and increasing productivity will be among the wide range of subjects for discussion;
  3. Within a forward looking framework, some additional issues related to public investments in infrastructure and social spheres will be discussed during the mission as well;
  4. Analysis on creation of private sector-friendly environment in non-oil sectors of the economy will also include a dialogue with the Government on overall and sectoral policies that would increase the effectiveness of public sector management.

The Mission will stay in Baku for about 3 weeks and will also undertake a supervision of SAC I with a view to disbursing the second tranche as soon as feasible.



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