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Azerbaijan Office Announcement

January 29, 2016

In response to numerous media inquiries the World Bank would like to clarify the following

The World Bank is discussing with the Government of Azerbaijan a set of medium- and long-term measures to move to a new private-sector led growth model and increase the country’s resilience to external shocks, including the drop in oil prices and the resulting depreciation of the local currency.

The Government of Azerbaijan is developing a comprehensive program of structural reforms, and the World Bank, as a long-term development partner of Azerbaijan, stands ready to provide necessary support.