Investment company ‘ABB-Invest’ provides loan to Turkish state

The Central Bank of Azerbaijan (CBA) has changed the procedure of issue, public placement and circulation of investment securities of international organisations of which our country is a member. The institution approved this rule on 18 October 2023.

In 2024, AZN 716.8 million were allocated from Azerbaijan's reserve funds. This was announced by the Ministry of Finance. According to the information, AZN 715.3 million of these were financed on the basis of commissioned documents submitted by the relevant structures. In particular, according to the orders of President Ilham Aliyev, AZN 244.9 million were financed out of AZN 245.2 million allocated from the reserve fund of the head of state.

The Accounting Chamber held an event of external state financial control in Baku metro. This was reported by the Chamber.

In order to further strengthen partnership relations with Azerbaijan, the board of directors of the World Bank group has approved a 'New Country Partnership Framework for Azerbaijan' for 2025-2029.