(MENAFN- AzerNews)
By Ayya Lmahamad
The welfare of society, integration of Azerbaijan's economy into
the global value chain, intensification of innovative orientation,
and financial stability of the national economy are the main goals
of the country's socio-economic development strategy for 2022-2026,
Economy Minister Mikayil Jabbarov said in an interview with RealTV,
Azernews reports.
“For the first time in our practice, strategy is a completely
collective and collegial document. Industrial working groups,
created during the preparation of the document, were led by the
heads of the relevant fields and ministries,” he said.
The minister stated that the approval of the strategy creates
conditions for the transition to a qualitatively new stage of
development. He added that the document covers all aspects of
Azerbaijan's socio-economic spheres.
Karabakh's economic reintegration
Jabbarov mentioned that the Azerbaijani government, with the
participation of local and foreign experts, has prepared an
overview of the economic reintegration of the liberated
territories. He underlined that this document defines the main
goals and tools for the overview.
“The work that is being done today is guided by a common vision.
We believe that various spheres, such as agriculture and industrial
centers have potential. Two industrial zones have already been
created,” he said.
Noting that nine residents are working in the Aghdam industrial
park, the minister added that another 15 residents are expected to
be issued certificates in the near future.
“The activity of Jabrayil industrial park will be closely
connected with Zangilan airport. This will also contribute to the
development of Zangilan and Jabrayil districts as a transport and
logistics center,” he said.
Moreover, he added that Azerbaijan sees potential in the
exploitation of natural resources and natural minerals in the
liberated territories. In this regard, Jabbarov stressed that there
are already foreign investors in this field and contracts have been
signed with them.
ASCO, EBRD negotiations on loan attraction
The minister also mentioned that negotiations are currently
underway between the Azerbaijan Caspian Shipping Company (ASCO) and
the European Bank for Reconstruction and Development (EBRD) on
attracting a loan. He added that the negotiations are in the final
stage.
“If the negotiations are successful, EBRD will allocate a loan
to ASCO without a government guarantee. Loan funds are planned to
be channeled into the expansion of shipping fleet, the development
of shipbuilding plant and etc.,” he said.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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