IMF: Azerbaijan's non-oil sector to increase by 2% in the next 2 years

IMF: Azerbaijan's non-oil sector to increase by 2% in the next 2 years
  • Clock-gray 16:11
  • calendar-gray 27 June 2019

Azerbaijani economy is gradually restoring after the recent slowdown, the new chief of International Monetary Fund's (IMF) Mission to Azerbaijan Natalia Tamirisa said, APA-Economics reports.

According to her, increases in wages and pensions, as well as in social welfare, moreover measures to reduce tax and debt burden will stimulate the economy.

 “We expect a 2% increase in the non-oil sector over the next two years. It is predicted that the inflation rate will be 3.3% during this period."

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