EBRD: Azerbaijan made progress for privatisation of IBA

EBRD: Azerbaijan made progress for privatisation of IBA
  • Clock-gray 08:45
  • calendar-gray 15 December 2017

The EBRD has seen a welcome upturn in the pace of reform in emerging economies where the Bank invests, four years after reporting that reforms were stalling or even being thrown into reverse.

 

In its Transition Report 2017-18: Sustaining Growth, the EBRD documents both progress and setbacks in reforms from the past year and sees many remaining challenges.

 

But commenting on the latest findings, EBRD Chief Economist Sergei Guriev said: “The appetite for reform seems to have returned to the region.”

 

According to the ban, in Azerbaijan, authorities have made progress with the restructuring of the country’s largest bank, IBA, in preparation for its eventual privatisation.

 

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