Central Bank of Azerbaijan Chairman Taleh Kazimov said long-standing cooperation with the World Bank and IMF strengthens institutional capacity and economic resilience, speaking at a Constituency Group meeting on the sidelines of the Annual Meetings. Since joining the World Bank, Azerbaijan has received about $4.9 billion for 53 projects in infrastructure, energy, transport, water management and institutional reform. The World Bank projects GDP growth to rise from 1.2% in 2026 to 1.8% in 2027 and 1.9% in 2028, after a slowdown caused by the structural decline of the oil sector and weaker non-oil growth. The IMF forecasts growth of 1.7% in 2026 and 2.3% in 2027, below its April forecasts of 2.2% and 2.5%, after GDP grew 1.4% in 2025. Inflation is expected to ease from 5.8% in 2026 to 5.6% in 2027, according to the IMF.
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