The Azerbaijani government has formally submitted an intention to become one of the founding members of the Asian Infrastructure Development Bank.
As reported today the Ministry of Finance, on behalf of the government the document was sent to the Chinese Ministry of Finance on March 31. China is the initiator of the idea of creating this fund.
The Finance Ministry says that Azerbaijan is interested in creating a new financial institution that will meet the growing needs of the Asian region in the development of infrastructure.
Note that Azerbaijan attracts preferential loans for the rehabilitation and development of infrastructure from the World Bank, Islamic Development Bank, Asian Development Bank, the Japan Bank for International Cooperation and other international financial institutions, as well as commercial loans from Czech Eximbank, BNP Paribas, etc. ---08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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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.
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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.
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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.
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