Baku-Yerevan Peace Efforts
Peace progress between Azerbaijan and Armenia represents a hopeful step toward greater stability and regional cooperation, according to Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF).
The preliminary peace agreement between Armenia and Azerbaijan that was reached last August represents a hopeful step toward greater stability and regional cooperation. If sustained, it could open new avenues for trade, investment, and economic integration across the broader region.
On August 8, a Joint Declaration was signed by President of Azerbaijan Ilham Aliyev, U.S. President Donald Trump, and Armenian Prime Minister Nikol Pashinyan following their meeting in Washington.
Author's summary: Peace efforts between Azerbaijan and Armenia bring hope for regional cooperation.
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