PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of December 6, 2016 No. 1138

About approval of strategic road maps on national economy and the main sectors of economy

Sustainable and competitive development of not oil sector in the Azerbaijan Republic is the priority direction of economic policy of the state.

The thought-over economic policy for the long period which foundation was laid by the national leader of the Azerbaijani people Heydar Aliyev created strong base for macroeconomic stability and dynamic economic development in the country. As a result the wide entrepreneurial layer was created, the role of private sector even more increased in social and economic development of the country and considerable success in the field of integration into the world economic system was achieved.

Within steady economic reforms this policy was even more enhanced by modern conceptual approaches according to global economic challenges, according to strategic objectives forming of the free market relations and socially directed diversified national economy having capability to self-development is provided. As a result of the performed purposeful measures macroeconomic stability was kept, the balanced development of not oil industries and regions in general accelerated, effective use of strategic currency holdings is provided, the state support of entrepreneurship is strengthened, the favorable business and investment circle was created, social welfare of the population constantly improved.

At the same time, the processes happening recently both in the region, and in global economy, sharp reducing oil revenues difficult external economic situation continue to exert impact on macroeconomic and financial stability of the country. Implementation of number of measures of system nature according to the main strategic objectives of the economic reforms directed to adaptation to the new challenges generated by the processes happening in the world and minimization of influence of world economic crisis on our country, forming of qualitatively new model of economic development by creation of organic communication and mutually compatibility between the current, average and long-term periods of social and economic development are one of the forthcoming main priority objectives.

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