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Weekly review of main events of Azerbaijani financial market

Finance Materials 13 March 2022 22:06 (UTC +04:00)
Weekly review of main events of Azerbaijani financial market
Nazrin Israfilova
Nazrin Israfilova
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BAKU, Azerbaijan, March 13

Trend:

The information has been spread this week that the World Bank will present the renewed research of the diagnostic systems of the Azerbaijani State Statistics Committee in June 2022.

In this regard, the discussions are underway between the sides to use the statistics data of the State Statistics Committee.

Moreover, proceeding from the data of the State Statistics Committee, it is planned to expand cooperation between the sides in a number of spheres.

Azerbaijan plans to expand the range of financing tools.

It is necessary to create new financing tools and develop the issuance of funds under leasing, factoring, subsidizing and some other types.

Moreover, Azerbaijan continues implementing the self-employment support project.

The project is being implemented in cooperation with the Ministry of Labor and Social Protection of the Population, the Central Bank of Azerbaijan and the Azerbaijan Banks Association.

The banks began to provide 500 self-employment program participants with assets as a new phase of the project in 2021. More than 300 of them were provided with goods and materials in some spheres.

In general, Azerbaijani banks provided about 1,300 self-employment program participants with assets within this project over the past period.

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