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Azerbaijan to Become a Regional ICT Center

"The World Bank (WB) offers Azerbaijan to develop the information and communication technologies transforming the country into a regional ICT center, increase the domestic demand and develop the regulating environment," the WB chief economist for Europe and Central Asia Mona Prasad said at a meeting with Azerbaijani ICT Minister Ali Abbasov.

Diversification and sectoral growth, Azerbaijan's choice upon "oil boom" in the country, it is necessary to proceed in three directions- increase of domestic demand, making the country a regional center of information communication technologies and development of regulatory environment.

Prasad highlighted the effective work carried out on ICT, telecommunications, Internet, and the satellite industry in Azerbaijan over the past 10 years, saying achievements in this field contribute not only to the economy of Azerbaijan, but also to the economy of regional countries.

"Diversification in the ICT sector is regarded as a right step towards diversification of the economy. The World Bank supports diversification in three directions: physical capital, human capital and reforms of state institutions. These very directions are deemed as factors that ensure sustainable development of the economy of countries," she said.

Minister Abbasov expressed hope that the cooperation with the World Bank would be continued in the coming years.

Source: AzerTAc

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