Azerbaijan maintains financial stability regardless of COVID-19-related international disaster

BAKU, Azerbaijan, Dec.23

By Elchin Mehdiyev – Development:

Azerbaijan has maintained its financial stability amid international crises associated to the COVID-19 pandemic, the Minister of Economic system Mikayil Jabbarov stated at a gathering of the Parliamentary Committee on Financial Coverage, Trade and Entrepreneurship, Development stories.

In line with Jabbarov, regardless of the difficulties of 2020, it was attainable to strengthen the monetary fundaments of macroeconomic stability within the nation.

“Regardless of the recession on the planet financial system because of the pandemic, the financial system of Azerbaijan has demonstrated stability owing to the considerate coverage of President Ilham Aliyev in the course of the international disaster,” he stated.

The minister famous that martial regulation, the introduction of a quarantine regime additionally had an affect on the financial system.

Measures will likely be taken to make sure that the lands liberated from occupation make their contribution to the financial system of Azerbaijan, he added.