TODAY.AZ / Business

Azerbaijan to continue cooperation with IMF

23 February 2005 [17:58] - TODAY.AZ
Azerbaijan will continue the cooperation with the International Monetary Fund (IMF) even after the expiration of efficiency term of the Poverty Reduction and Growth Facility Program, due to complete on 4 July, Farhad Aliyev, the Minister for Economic Development, told journalists on Tuesday.
According to Aliyev, the amount of financing on PRGF was cut due to failure in implementing some obligations, while the program is still effective.

"Azerbaijan has opportunities to receive the last $19 m tranche under the program and we will implement the terms for their assimilation. We will continue the cooperation with IMF on another way, Aliyev underscored.  


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