World Bank
CBA and Bank of New York Mellon Discuss Expanding Cooperation
The head of Azerbaijan's Central Bank, Taleh Kazimov, and BNY Mellon Vice Chairman Hani Kablawi held talks on prospects for interaction on the sidelines of the World Bank and IMF meetings.
Azerbaijan Takes Part in IMF and World Bank Annual Meetings in Bangkok
A delegation from Azerbaijan's Ministry of Finance, led by First Deputy Minister Anar Kerimov, is taking part in the Annual Meetings of the IMF and the World Bank Group, held in Bangkok from October 12 to 18.
IMF and World Bank to Discuss War and Debt Crisis Risks in Bangkok
The IMF and World Bank annual meetings will be held outside Washington for the first time in three years — in Bangkok from October 12 to 18. Key topics include the Middle East conflict, energy security, inflation and record sovereign debt.
World Bank Shifts Focus to Creating Jobs for 1.2 Billion Young People
The World Bank has focused its activities on job creation to secure the future of 1.2 billion young people who will reach adulthood in the next 15 years. This was stated by bank President Ajay Banga.
Central Asia is growing faster. Why might households feel differently?
For 2027–2028, the Bank expects Central Asia’s economy to grow by an average 5.3%, but output per person by 3.6%. Neither measure is a wage forecast, and the distinction matters for businesses assessing demand.
Kazakhstan’s wheat outlook and Azerbaijan’s bread prices: where is the risk?
The Bank expects Kazakhstan’s wheat production to fall 22% in 2026/27. Azerbaijan imported 841,700 tonnes in this customs category over eight months. That warrants attention to procurement—not an automatic bread-price forecast.
AI is changing regional businesses. Which tasks should come first?
Banks, retailers and producers in the region are integrating AI into everyday work. World Bank case studies show where value appears—and why another firm’s savings cannot be promised to your own.
What is driving Uzbekistan’s rapid growth?
The World Bank has raised its 2026 growth estimate for Uzbekistan to 7.9%. Domestic demand, infrastructure and foreign financing support the expansion, but the use of that money matters as much as the inflow.
Expensive oil does not guarantee growth: Kazakhstan’s lesson for Azerbaijan
Kazakhstan’s physical oil output has fallen despite supportive prices, while economic growth is slowing. For Azerbaijan, the distinction between export revenue, real production and fiscal resilience matters.
Why Azerbaijan’s economy is growing more slowly than its neighbours
The World Bank estimates Azerbaijan’s 2026 GDP growth at 1.2%. New nine-month data show 1.5%, but leave a larger question unresolved: what can replace a weakening oil-sector growth engine?
Azerbaijan could export computing power. What would make it a business?
The World Bank identifies a potential computing-cost advantage for Azerbaijan. Turning it into export revenue would require more than cheap power: hardware, financing and customers matter just as much.
Kyrgyzstan and World Bank Discuss Tourism Investment
Eduard Kubatov, Director of the State Tourism Agency, met with World Bank representatives to discuss support for the tourism sector and the Sujan project.
Azerbaijan and World Bank Discuss Digital Transformation Cooperation
Deputy Minister Rashad Gasanov and World Bank Group representative Sasha Bakes discussed the development of AI infrastructure, data centers and the 'Government Cloud'.
World Bank forecasts Azerbaijan's GDP growth to accelerate to 1.8% in 2027
The World Bank expects Azerbaijan's economic growth to slow to 1.2% in 2026, then accelerate to 1.8% in 2027 and 1.9% in 2028.
IFC Proposes Private Sector Advisory Council for Middle Corridor
The International Finance Corporation (IFC) says establishing a Private Sector Advisory Council (PSAC) could enhance the efficiency of the Trans-Caspian Transport Corridor.
USACC Discusses Middle Corridor Development with World Bank
The American-Azerbaijani Chamber of Commerce held a roundtable with World Bank Regional Director for the South Caucasus Rolande Pryce. Participants discussed investment and operational measures to improve the route's reliability and capacity.
Kyrgyz Finance Ministry and World Bank Discuss Kambarata HPP-1 and Program Financing
Kyrgyz Finance Minister Ruslan Suinaliev and World Bank Regional Director for Central Asia Naji Benhassine discussed the macroeconomy, 11.1% GDP growth in the first seven months of 2026, and financing for major projects.
Azerbaijan's Central Bank and World Bank Discuss Cooperation and Technical Assistance Projects
CBA Chairman Taleh Kazimov met with a World Bank delegation led by Regional Director for the South Caucasus Roland Price. They discussed current cooperation, investment projects and prospects.
World Bank to Move to Single Country Representation in Azerbaijan
Azerbaijan's Economy Minister Mikayil Jabbarov discussed with the World Bank's regional director the transition to a single country representation model.
World Bank: Climate Adaptation of Small Farmers is a Priority for Azerbaijan
World Bank Country Manager for Azerbaijan stated that the main priority in the country's agriculture is adapting small farmers to climate change.
Central Bank of Azerbaijan and World Bank Discuss SME Financing
The Central Bank of Azerbaijan and the World Bank discussed expanding financing opportunities for small and medium-sized businesses.
World Bank to Allocate $410 Million for Baku Livable City Project
The World Bank plans to provide $410 million for the 'Livable Baku' project, with project appraisal scheduled by October 26, 2026, and board approval on February 18, 2027.