  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 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". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest news Narek Manasyan wins European Boxing Championships silver for Armenia  Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |
