Advisor to Minister of Economy: Growth rate in non-oil and gas sector may exceed 6%

The growth rate in the non-oil-gas sector in Azerbaijan may exceed 6%, Advisor to the Minister of Economy Khagani Abdullayev said at the presentation of the Global Economic Prospects report of WB, in the panel discussions entitled "Slowing Global Growth and Rising Risks – the Implications for Azerbaijan", Report informs.

The ministry official said that this can be realized at the expense of the Middle Corridor:

"Our economic growth targets were determined by the Socio-Economic Development Strategy for 2022-2026. The importance of this strategy is that there is a close connection between the document and the goals and measures. The strategy is already successfully implemented, its monitoring is on the agenda. Initial monitoring has been launched. The Strategy targets an annual GDP growth rate of 3-4 percent over the medium term, with close to 5 percent GDP growth targeted in the non-oil and gas sector."