20 February 2009
TURAN

The EBRD intends to continue supporting Azerbaijan’s financial sector by strengthening the banks’ capitals and helping them to receive credits, the EBRD-Baku head, Francis Delay said. He said Azerbaijan was protected from the global financial crisis for a short term owing to its low integration into the global market. But long-term influence is possible because of weakening trade partnership and decreasing commodity exchange prices. Azerbaijan’s GDP will most probably decrease 2.8% to 8% in 2009. However, Azerbaijan’s economy has a good potential to withstand the crisis on the whole.