In order to cover the state budget deficit for 2015 will be issued government securities, which will be placed in the international capital markets. This is provided by the presidential decree of 22 December on the application of the AR law "On the State Budget for 2015".
The document entrusted the Ministry of Finance to determine the amount, the maturity and other parameters of the national government bonds and foreign currency denomination.
In 2015, the state budget deficit is set at 1,662 mln. manat. Recall that in March this year, the Finance Ministry placed on international markets bonds totaling $ 1 250 million at 5% per annum with maturity after 10 years. About half of the securities (47%) were bought by US investors. According to the Baku Stock Exchange, the Ministry of Finance placed short-term and medium-term bonds totaling 76.1 million manat in the local market. --08B-
Economics
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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