BAKU, Azerbaijan, September 16. Azerbaijan’s
capital flows and inflows within the Turkic world are at the top
level, Executive Director of the Center for Analysis of Economic
Reforms and Communication of Azerbaijan (CAERC) Vusal Gasimli said
at the 2nd Conference of the Leading National Analytical Centers of
the Organization of Turkic States (OTS) in Baku, Trend's correspondent reports
from the event.
He noted that Azerbaijan is the leader in investment among
Turkic states.
"Azerbaijan's Middle Corridor Sustainability Index score stands
at approximately 0.5 out of 1. This figure indicates, on the one
hand, a solid foundation for sustainability, and on the other,
significant opportunities to expand and improve regional
infrastructure and to digitize the Middle Corridor," he stated.
Gasimli added that an analysis of the economic and financial
indicators of the OTS region reveals that while the region accounts
for 2% of global GDP and 2.3% of global savings, its share of
global banking assets is merely 0.8%.
"To address the potential financial gap, the primary task is to
mobilize the region's savings potential and channel these resources
into efficient investments and sustainable economic growth through
next-generation financial solutions," he emphasized.
The 2nd Conference of the Leading National Analytical Centers of
the OTS is being held in Baku.
The conference, dedicated to the theme "Strengthening Economic
Cooperation within the Framework of the Organization of Turkic
States through Continuous Consultations and Joint Research," is
focused on discussions of the prospects for the development of
economic cooperation, institutional mechanisms, and opportunities
for joint research among the member states of the OTS.
Representatives from various government agencies, think tanks,
research institutions, and other organizations of Azerbaijan,
Türkiye, Kazakhstan, Uzbekistan, Kyrgyzstan, Hungary, and the
Turkish Republic of Northern Cyprus are participating in the
conference.
