Thursday, January 28, 2016

FT: Azerbaijan may be first to receive assistance from IMF/World Bank following oil price collapse

The FT reports: "IMF and World Bank move to forestall oil-led defaults. Team flies to Azerbaijan over possible $4bn emergency loan" See also here []. The country has been burning through it's foreign reserves, but it's SWF would still have ~ $35bn, 60% of GDP, according to the article.

We've noted the potential difficulties, and economic and political contradictions in Azerbaijan before.

No comments:

Post a Comment

Reactions welcome! Please use your full name.