IMF: Azerbaijan can share Nigeria's fate

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.