IMF: Azerbaijan can share Nigeria's fateApril 6, 2007 - 17:54 AMT PanARMENIAN.Net - According to assessments of the International Monetary Fund Azerbaijan could gain $25 billion during 2005-2010 and some $200 million before 2005, said Bazil Zavoyko, the head of the IMF Baku Office. If the government doesn't proceed to thorough analysis of the situation Azerbaijan may share the fate that befell the states rich in oil but incapable to conquer the desire to spend petrodollars in some 5 years, like Nigeria for example," Zavoyko said.With control over the oil income and budget expenses the inflation index should make 6-7%. However, inflation in Azerbaijan is amounted to double-digited number, realazer.net reports. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |