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IMF Appoints New Mission Head in Azerbaijan

The International Monetary Fund reports that Raja Al Marzougi has become the new head of the organization's mission in Azerbaijan. He will pay his first visit to Azerbaijan in November, when he will meet with government officials. Marzougi replaces mission head Nadeem Ilahi.

Azerbaijan no longer borrows from the IMF is expected to repay by 2015 its outstanding loans. The volume of annual payments is now below $5 million.

Source: APA

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