Azerbaijan mulls cooperation with World Bank and IMF

Chairman of the Azerbaijan Central Bank Elman Rustamov met World Bank's president Robert Zoellick, as part of "the Days of Azerbaijan" in the World Bank Group's head office in Washington.

During the meeting, they exchanged views on the history of cooperation, achievements and prospects for relationship.

They also discussed various directions of a new economic development strategy for the country. Rustamov said the WB had supported Azerbaijan in the forming economic financial system.

The parties discussed joint projects implemented and business environment.

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Chairman of the Central Bank of Azerbaijan Elman Rustamov made a presentation on the meeting titled "Azerbaijan's economic modernization and post-crisis situation" at the Georgetown University as part of Azerbaijani Days.

Rustamov touched upon ongoing reforms, general information about Azerbaijan, financial stability, new economic strategy, monetary policy. He lingered around measures to avoid the negative impact of global crisis.

The presentation aroused keen interest of teachers and students of the university. Elmar Rustamov answered questions from participants.

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Elman Rustamov, Chairman of the Azerbaijan Central Bank met here with Michel Mordasini, Executive Directof of the World Bank and Rene Weber, Executive Director of the Internatioanl Monetary Fund to discuss cooperation and economic situation in Azerbaijan.

Rustamov pointed out Azerbaijan is one of the world`s leaders in terms of economic growth rates.

Mordasini and Weber, for their part, expressed satisfction with the high level of Azerbaijan's relatinos with these organiations.

Rustamov presetned keepsakes reflecting Azerbaijan's culture to both directors.


/AzerTAc/