Economy Minister: AZN 2.2 bn financed for restoration of liberated territories this year


January 21, Fineko/abc.az. Azerbaijani Economy Minister Mikayil Jabbarov has given an interview to Bloomberg.

ABC.AZ reports that during the interview the minister raised a range of matters.

He noted that Azerbaijan’s task is to double GDP in accordance with the new 10-year development plan until 2030.

"And this requires that the average annual rate of economic growth is equal to 7%. This year, AZN 2.2 bn ($1.3 bn) will be allocated for the restoration of the liberated territories of Azerbaijan. The economic growth in Azerbaijan is expected to resume this year after downturn caused by the spread of the coronavirus and the war with Armenia, where Azerbaijan regained control over previously occupied territories," the minister said.

By Elmir Murad