The World Bank report’s main message on achieving economic growth in Azerbaijan is to achieve it through private investment, World Bank Senior Economist Nadir Ramazanov told reporters, Report informs.

According to Ramazanov, this report, presented by the World Bank to all member countries on an ongoing basis, is aimed at examining the primary economic processes taking place in the country, providing the best advice for increasing economic growth. In Azerbaijan, the preparation of such a report began last year.

The report’s central message is the transition to a new economic growth model, which is consistent with the country’s socio-political development strategy for 2022-2026.

A new growth-oriented economic model will be based on private-sector investments, said Nadir Ramazanov.