A radio debate on the Oil Revenues and Economic Development has been conducted on Public Radio’s Diqqət Mərkəzində (in the spotlight) programme, in the framework of the ITEI United Project’s component The Holding of the Radio Dialogue on the Prudent, Efficient Use of Oil Revenues. Mr Qubad Ibadoglu, an expert in economics and the co-ordinator for the ITEI coalition, was a programme guest.

A radio debate – part of the United Project’s component The Prudent, Efficient Use of Oil Revenues – is life broadcasted on Public Radio’s Oil Revenues and Economic Development programme.

A radio debate on the Oil Revenues and Economic Development has been conducted on Public Radio’s Diqqət Mərkəzində (in the spotlight) programme, in the framework of the ITEI United Project’s component The Holding of the Radio Dialogue on the Prudent, Efficient Use of Oil Revenues. Mr Qubad Ibadoglu, an expert in economics and the co-ordinator for the ITEI coalition, was a programme guest.

During the programme the expert was asked questions concerning the impact of petrodollars on the entire economy as well as price hikes, the relevant effect of the construction and reconstruction of infrastructure facilities on the state of economy in general, and the influence of oil revenues on fostering the development of intellectual and technical base of the economy. Answering the above-mentioned questions at length, the expert came up with a number of proposals below:

• Seeking opportunities for the implementation of commercial investment projects;
• Securing sustainable incomes by giving an impetus to the development of the non-oil sector;
• Seeking the development of entrepreneurship by the prevention of non-classic monopoly from yet tightening its grip on the country’s economy;
• Importance of disposal of petroleum proceeds in foreign assets;
• Seeking to make foreign companies report individually instead of making aggregated statements (in the framework of EITI).