President Ilham Aliyev: Azerbaijan will fully supply itself with agricultural products

Baku: “An unique model “Asan Xidmet (Easy Service)” has been established in Azerbaijan. Modern management methods, economic diversification is key priority”, said the President of Azerbaijan Ilham Aliyev at the 48th Annual Meeting of the ADB Board of Governors.

The head of state noted that Azerbaijan will fully supply itself with agricultural products: “We had to devalue national currency as it was strengthened. AZN 1 made €1 and we got into trouble. Neighbour countries faced devaluation and we had to devalue manat by 35%. Today, our currency reserves make 70% of GDP. We’ll focus on lending to private sector in a low interest. At the same time, we’ll keep our external debt at low level. Today, our external debt makes 9.8% and we must control over it”.

The president noted that tourism will be paid attention in the country: “We’ll try continuation of political and economic freedom”.

SOURCE: Azeri Press News Agency