A report of the World Bank "Access to finance for micro, small and medium enterprises (MSME) in Azerbaijan. Assessment of demand" (http://www.worldbank.org/content/dam/Worldbank/document/eca/azerbaijan/az-a2f-survey-presentation-eng.pdf) has been released. The author of the document is the sectoral coordinator of the World Bank Angela Prigozhina.
According to the document, more than half (51%) of the local segment of the private enterprise as the main problem they see the difficult access to finance. The tax rate of 13.8% dissatisfied entrepreneurs transportation services - 5.8%, the dominance of corruption - 2.4% (10 times more than the results of the year before).
Meanwhile, 65% of companies from this sector have a savings or current accounts and loans received only 13.5% of the companies. Most of the representatives (91.9%) of micro-businesses do not have access to commercial credit, while 7.9% - 1 credit.
In 81.9% of small businesses do not have loans at 14.8% - 1 credit, and only 3.3% - 2 or more credits.
In 72.7% of middle business is also no loans, 20% - 1 credit at 7.3% - not less than 2 credits. --17D-
Economics
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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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