Azerbaijan on January 28 denied reports of having asked for billions of dollars in aid from the International Monetary Fund and World Bank to avert an economic crisis amidst plunging oil prices.
“Requesting a $4-billion aid package is out of the question,” claimed Azerbaijan’s Finance Minister Samir Sharifov. “We ourselves lend money to others,” he said, dismissing reports by The Financial Times and Reuters. Citing the International Monetary Fund, the reports said that the IMF and the World Bank were considering requests from Azerbaijan for loans of $3 billion and $1 billion, respectively.
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