Deputy PM: Reforms carried out in Azerbaijan allowed to withstand external challenges [UPDATE]
By Trend
Azerbaijan, according to the calculations of the World Bank (WB), has demonstrated economic growth of over 12 percent since the beginning of 2000, and is considered one of the states showing accelerated development rates, Azerbaijani Deputy Prime Minister Ali Ahmadov said, Trend reports.
Ahmadov was speaking in Baku March 6 at a forum “Economy Diversification - Role of Private Sector.”
This was mainly facilitated by the fundamental reforms carried out in recent years in the Azerbaijani economy and other areas, he said.
“At the same time, Azerbaijan faced serious challenges, the Nagorno-Karabakh conflict imposed by Armenia on our country,” he noted. “As a result, the country faced a humanitarian catastrophe, the presence of one million refugees and IDPs. Nevertheless, Azerbaijan continued its development, and today’s achievements clearly demonstrate the high level achieved in many areas, especially in the economic sphere.”