Azerbaijan Seeks Greater IMF Support for Financial Reforms

Accra:Azerbaijan is keen on expanding the International Monetary Fund's (IMF) technical assistance in areas such as public financial management and fiscal reforms, as stated by First Deputy Finance Minister Anar Karimov.

According to Azeri-Press news agency, Karimov highlighted the significance of cooperation with the IMF in enhancing public financial management, medium-term budget planning, the implementation of fiscal rules, and the strengthening of institutional capacity. He shared insights into the ongoing reforms aimed at maintaining macroeconomic stability, diversifying the economy, increasing budget revenues, and monitoring fiscal risks.

IMF Deputy Managing Director Bo Li expressed a positive view on Azerbaijan's progress in increasing non-oil revenues and enhancing fiscal sustainability. He affirmed the IMF's readiness to continue supporting Azerbaijan in these endeavors.