Medium-Term Budget Planning Discussed at CAERC
A delegation from the World Bank visiting Azerbaijan held meetings at the Center for Analysis of Economic Reforms and Communication (CAERC). The World Bank mission included experts Lan Hokesworth, Yelena Bondarenko, and Yelena Nikulina, who were received by CAERC’s Executive Director Vusal Gasimli. The meeting mainly focused on issues related to Medium-Term Budget Planning.
Vusal Gasimli provided information on the economic reforms being implemented in the country. He noted that under the leadership of Ilham Aliyev, Azerbaijan successfully overcame the challenges caused by external shocks in 2017, restored macroeconomic stability, and identified key trajectories for sustainable development in the subsequent period. He emphasized that CAERC currently operates a well-equipped laboratory with strong software capabilities and advanced economic analysis and forecasting potential, enabling macro- and microeconomic analysis in line with the Center’s mandate to support sustainable economic development.
In accordance with the Strategic Road Maps, a “golden rule” approach is being applied to ensure the rational use of oil revenues, alongside the creation of a necessary fiscal framework for public debt management. In this context, further strengthening the Medium-Term Expenditure Framework, enhancing budget governance, and aligning it with results-based budgeting are seen as key measures to improve the efficiency of public spending and reduce volatility stemming from oil revenues.
The meeting also included an exchange of views on ongoing work in fiscal statistics, forecasting, and institutional capacity building.
Related news
Partners from the Americas for the "Startup School 4" project of the "Enterprise…
Partners from the Americas have been presented to the public within the framework of the "Startup School 4: Five Continents - 500 Startups" global innovation program, implemented by the "Enterprise Azerbaijan"…
The “Enterprise Azerbaijan” Portal Presented the “Startup School 4” Project at ASPU
Within the framework of the “Startup School 4” project implemented by the “Enterprise Azerbaijan” portal, operated by the Center for Analysis of Economic Reforms and Communication (CAERC), the next information…
CAERC representative participates in "Atlantic Council IMF - World Bank Week"…
Rashad Najafli, Deputy Head of the Economic Analysis Department at the Center for Analysis of Economic Reforms and Communication (CAERC), is participating in the "Atlantic Council IMF-World Bank Week" events held in Washington,…
The "Azexport" portal supports the export of leech products produced in…
A meeting was held at the "Azexport" portal, operated by the Center for Analysis of Economic Reforms and Communication (CAERC), with a representative of a local enterprise engaged in the production of medicinal leeches.…
Training and mentoring program launches within the "Startup School Nakhchivan"…
The training and mentoring program is launching under the "Startup School Nakhchivan" project, a joint initiative of the "Enterprise Azerbaijan" portal of the Center for Analysis of Economic Reforms and Communication…
CAERC representative addressed an international seminar on tax administration
Abdulrahim Dadashov, Deputy Head of the Monitoring and Evaluation Division at the Center for Analysis of Economic Reforms and Communication (CAERC), addressed an international seminar organized by the International Monetary Fund…
Partners from the Asian continent for the "Startup School 4" project of…
Partners from the Asian continent have been presented to the public within the framework of the "Startup School 4: Five Continents - 500 Startups" global innovation program, implemented by the "Enterprise Azerbaijan"…
CAERC Announces New Hire
Anar Gaziyev has been appointed as the Finance Manager at the Center for Analysis of Economic Reforms and Communication (CAERC) by the order of Executive Director Vusal Gasimli. Anar Gaziyev studied Economic Regulation at the Azerbaijan…
Op-eds
Rashad Najafli
Deputy head of the Economic analysis division
Azerbaijan: A Guarantor of Peace and Security in the South Caucasus
Isa Gasimov
Head of the “Enterprise Azerbaijan” portal
Transition to an Innovation Ecosystem: Azerbaijan’s Strategic Choice
Gultaj Ahmadzada-Tapdigzada
Head of Sector at the Monitoring and Evaluation Division
Strategic Targets of Azerbaijan’s Energy Transformation
Samir Rahimov
Leading consultant of the Monitoring and evaluation division
Improving transport infrastructure in Baku and surrounding areas - Global challenges and the role of the State Program
Agil Asadov
Head of the Strategic planning division
The strategic importance of the Middle Corridor: growth of investment along the Trans-Caspian route and Azerbaijan’s regional…
Isa Gasimov
Head of the “Enterprise Azerbaijan” portal
Research and Development (R&D) and Innovation: from Knowledge to Value, from Value to Capital
Rashad Najafli
Deputy head of the Economic analysis division
Azerbaijan: A Reliable and Strategic Investment Hub among LLDCs