Azerbaijan and World Bank discuss new partnership framework
Chairman of the Central Bank of Azerbaijan Taleh Kazimov has met with a delegation of the World Bank headed by Regional Director for the South Caucasus Roland Price. This is reported by the CBA.
The report says that the meeting discussed projects and initiatives implemented in our country within the framework of cooperation with the World Bank, as well as the preparation of a new partnership framework that will contribute to the reforms carried out in Azerbaijan.
Finance
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On November 19, Finance Minister Samir Sharifov stated in the Milli Majlis (National Assembly) that fines issued to citizens in Azerbaijan sometimes do not reach the state budget. According to him, a new software system has been developed to address this issue and ensure proper oversight of fine payments.
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‘Baku Stock Exchange' (BSE) has started its work since 19 November to take part in the annual meeting of the World Federation of Exchanges (WFE), which will end on 22 November.
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There is additional potential in Azerbaijan associated with budget receipts from leasing of state property.
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In 2025, AZN 1,162.6 million is forecasted to be allocated from the state budget to 56 public legal entities in Azerbaijan.
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