Executive director of the Center for Analysis of Economic Reforms and Communication (CAERC) Vusal Gasimli presented the monitoring and evaluation report of the “Strategic Roadmaps on the National Economy and Key Sectors of the Economy for 2017-2020” to the deputies
The monitoring and evaluation report of the Strategic Roadmaps on the National Economy and Key Sectors of the Economy for 2017-2020 have been discussed at Milli Majlis.
On December 23, the Committee for Economic Policy, Industries and Enterprising and the Agrarian Policy Committee, together with Center for Analysis of Economic Reforms and Communication of the Republic of Azerbaijan held discussions on the monitoring and evaluation report of the “Strategic Roadmaps on the National Economy and Key Sectors of the Economy for 2017-2020”.
Chairman of the Committee for Economic Policy, Industries and Enterprising Tahir Mirkishili opened the meeting and said that the relevant document played an important role in the deepening of economic reforms , the development of economic entities, the expansion of micro, small and medium enterprises, increasing the competitiveness of economic sectors during 2016-2021. The Strategic Roadmaps envisage further strengthening the competitiveness of the country's economic sectors by 2025.
Speaking at the meeting, Chairman of the Agrarian Policy Committee Tahir Rzayev praised the long-term development goals of the country's agricultural sector and the results of their achievement in the Strategic Road Map.
Afterwards, Vusal Gasimli presented the monitoring and evaluation report of the “Strategic Roadmaps on the National Economy and Key Sectors of the Economy for 2017-2020” to the deputies.
As a result of the successful implementation of strategic roadmaps, the goal has been set to ensure an average annual real growth of more than 3% of GDP by 2025. Thus, real GDP growth in the country this year is forecasted at 5.1 percent, non-oil GDP growth at 6.0 percent, and economic growth is forecasted to be 3.9 percent next year. Also, the fact that exports in the non-oil sector increased from $170 per capita in 2015 to $260 this year suggests that the target of $ 450 in 2025 can be achieved. At present, the country's socio-economic development strategy and action plan for 2022-2026 have been prepared by the Government and submitted to the relevant authorities.
During the discussion of the report, Deputy Chairman of the Committee for Economic Policy, Industries and Enterprising Ali Masimli, deputies Vahid Ahmadov, Mahir Abbaszade, Aydin Huseynov, Mazahir Afandiyev, Mushfig Jafarov spoke and expressed their positive reviews on the report.
Op-eds
Agil Asadov
Head of the Strategic planning division
Moody's: Growing influence of the Middle Corridor boosts economic prospects
Vusala Jafarova
Head of the Turkic World Research Center
"SCO Plus Summit: Catalyzing Economic Growth and Connectivity Among Turkic States"
Ayaz Museyibov
Deputy Executive Director of the CAERC
Azerbaijan and Türkiye: Leading through unity in global crises
Ayaz Museyibov
Deputy Executive Director of the CAERC
Türkiye-Kyrgyzstan partnership fuels Middle Corridor's rise
Shabnam Mammadli
Sector director of the Monitoring of socio-economic programs
The liquidation of "Azalternativenerji" LLC will serve to reduce the demand and risks for state resources
Tarana Salifova
Head of the Monitoring and evaluation division
The change made in the strategy of socio-economic development for 2022-2026 will stimulate high economic growth
Vusal Gasimli
Executive director of CAERC
The equilibrium real exchange rate in a commodity exporting country: Azerbaijan's experience