New head of IMF mission for Azerbaijan named

The International Monetary Fund (IMF) has named Chad Steinberg as the new head of its mission in Azerbaijan, Report informs, citing the Baku office manager of the Monetary Fund, Aghgun Gadirli.

"Azerbaijan received a notification about his appointment last year and now he is in Baku on his first familiarization visit," A. Gadirli said. He replaced Natalia Tamirisa, who has led the IMF mission to Azerbaijan since January 2019.

According to A. Gadirli, the IMF mission led by Chad Steinberg will be in Baku from February 21 to 25. The fund's executive director for Azerbaijan Petr Trabinski presented him to the government. The mission also includes Jiri Jonas and Gustavo Ramirez from the IMF's Middle East and Central Asia Department.

The mission holds meetings in the ministries of finance, economy, labor, and social protection, the Central Bank of Azerbaijan. The IMF delegation also visited Agdam - liberated from occupation.

Azerbaijan joined the IMF on September 18, 1992. Since 2006, the Azerbaijani government has not borrowed from the IMF, and cooperation is carried out within the framework of consultations on Article IV of the fund's charter, technical missions on the main directions of macroeconomic policy.