BAKU, Azerbaijan, June 17. Azerbaijan has been
able to afford continuous investments in the liberated territories
without compromising other priorities of the country's development,
the Minister of Economy of Azerbaijan, Mikayil Jabbarov, said
during the dialogue within the framework of the IsDB Group Annual
Meeting in Baku, Trend's correspondent reports from the event.
According to the minister, Azerbaijan is at the stage of
restoring peace in the region. According to him, territorial
integrity has a very positive influence on the predictability and
stability of economic policy.
Jabbarov noted that Azerbaijan was able to allow itself to
continue investing in territories freed from occupation without any
reduction in the country's other development priorities.
"A significant macroeconomic reserve and the quality of state
financial management are not just a safety cushion. They allow us
to take bolder steps when it comes to investments with a longer
payback period," the minister said.
Jabbarov also noted that Azerbaijan looks with great enthusiasm
at the prospect of new joint projects with IsDB and even closer
cooperation, including in the field of the private sector, which
today is one of the main priorities both for the member states and
for the bank itself.
