Minister of Economy: Azerbaijan aims to join group of high-income countries

The National Priorities of Azerbaijan and the Strategy of Socio-economic Development for 2022-2026 aim to further develop the non-oil and gas economy, strengthen the position in the world economy as a result of the development of human capital, and enter the group of high-income countries, Economy Minister Mikayil Jabbarov said at the 2nd Baku Forum themed “Sustainable finance and investment” in Baku, Report informs.

According to him, the implementation of the strategy will develop several areas: “As a result of the implementation of the strategy, it is aimed to see 3-4% annual growth in the country's economy, and the non-oil and gas GDP by an average of 5% annually, as well as to increase the share of the private sector in the economy to 88%, and the volume of non-oil-gas exports by 85% in 2026 compared to 2021. In general, the role of effective cooperation and investment with all stakeholders is important in achieving sustainable development. From this point of view, I believe that the discussions and collaborations that will be held with state and non-governmental organizations, investors and international organizations within the framework of the Forum will make a positive contribution to the implementation of the ‘Transforming our world: the 2030 Agenda for Sustainable Development’ in our country.”