Azerbaijani Minister of Economy Mikayil Jabbarov held a meeting with a delegation led by World Bank Regional Director for the South Caucasus Sebastian Molineus via videoconference.

While congratulating World Bank Country Manager for Azerbaijan Sarah Michael on her new appointment, Jabbarov expressed confidence that the mutual cooperation will be successful. Azerbaijan attaches great importance to the relations with the World Bank. Currently, four credit projects and 18 technical assistance projects are being implemented in Azerbaijan. The support which is rendered by the World Bank to minimize the negative consequences caused by the coronavirus (COVID-19) pandemic and the socio-economic impact of the pandemic is greatly appreciated. During the meeting held in July 2020 President of Azerbaijan Ilham Aliyev and Vice President of the World Bank for Europe and Central Asia Anna Bjerde the questions of the expansion of cooperation in a number of areas were discussed.

While sharing his vision of the country's short-term and mid-term development priorities, Jabbarov informed the meeting participants about the economic reforms and structural changes, the measures to diversify the economy, develop the non-oil sector and improve competitiveness.

The World Bank's Regional Director for the South Caucasus, Sebastian Molineus, said that the reforms which are carried out in Azerbaijan are supported by the bank, and he expressed his readiness to share its experience in a number of areas.

The meeting focused on the development of cooperation with the World Bank and support it can provide for the implementation of the reforms.