Azerbaijan Microfinance Association continues to expand its own ranks.
As reported by executive director Jale Hajiyeva, the association received an application from a newly created non-bank credit organization for membership in the structure. For reasons of commercial confidentiality the name of the organization has not been announced, and the issue of membership has been recommended by the Board for a vote of the general meeting AMFA, scheduled for next week, said Hajiyeva.
AMFA has acted since 2001 and is the coordinating body of microfinance in Azerbaijan. Its members are 30 financial institutions, including nine banks, 16 non-bank credit institutions, two leasing companies, two credit unions and one international consulting company. - 15B -
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review