Baku
The policy of monetary and financial stability for 2021 is being formed amid a high uncertainty of economic activity in the world, Trend reports on Dec.29 referring to the Central Bank of Azerbaijan.
According to the CBA, the risks will be mainly related to the epidemiological situation and keep the potential to influence the external and internal environment.
On the other hand, due to the adaptation of the Azerbaijani economy to low oil revenues in the long term, the implementation of large-scale restoration work in the territories liberated as a result of the country’s 44-day Patriotic War, as well as the rapid implementation of a new development strategy aimed at doubling the country’s GDP in the next 10 years, before the financial the sector has generated great challenges.—AzerNews
