BAKU, Azerbaijan, Apr.25
By Zeyni Jafarov - Trend:
Azerbaijan’s Finance Ministry disclosed implementation figures of state budget revenues for the first quarter of 2021 this week, Trend reports.
So, in the reporting period, the Azerbaijani consolidated budget revenues made up 6.97 billion manat ($4.1 billion), while the expenditure - over 5.92 billion manat ($3.48 million). Thus, a surplus of over 1.04 billion manat ($610 million) has formed in the budget.
Besides, this week, the World Bank (WB) Vice-President for Europe and Central Asia Anna Bjerde said that WB is ready to provide the necessary support to Azerbaijan, including its Central Bank (CBA), in the field of digital transformation, at a meeting with CBA Board Chairman Elman Rustamov.
Bjerde also expressed satisfaction with the high level of cooperation between the World Bank and Azerbaijan, noting that 2020 ended successfully in terms of the reforms carried out and the fight against the emerging threats to the country's economy.
Sri Lanka's Tracified blockchain startup won an international tender by the Asian Development Bank (ADB) to implement a food tracking system in Azerbaijan. The startup’s co-founder Dileepa Jayatillake said that the ‘Digital Development Facility for Asia and the Pacific - Food Traceability System in Azerbaijan’ pilot project can be extended to neighboring countries in the future in case of its successful implementation.
Along with the above, in the outgoing week, Japanese NEXI (Nippon Export and Investment Insurance) company and the Azerbaijani Economy Ministry signed a memorandum of cooperation, aimed at establishing cooperation between Japan and Azerbaijan in the field of trade facilitation and expanding the opportunities for companies of both countries to develop in the Japanese and Azerbaijani markets.
This week, Azerbaijan also recorded an increase in gold prices and a decrease in the rate of the manat against the euro.