As of January 1st, 2017, the external public debt of the Republic of Azerbaijan constituted 6,913.2 million US dollars equivalent (12,241.3 million manat).
The Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov has received delegation of the International Monetary Fund (IMF) for Azerbaijan led by the Mission Chief Mr. Mohammed El Qorchi on March 03, 2017.
A commemorative ceremony dedicated to the 25th anniversary of the Khojaly genocide was held at the Ministry of Finance of the Republic of Azerbaijan on February 24. First of all, victims of the Khojaly massacre were remembered with a minute of silence.
The purposeful spending of funds allocated from the state budget for maintenance of the administrations of executive power heads of 5 districts (cities), renovation of districts (cities), capital and current repairs of roads, housing resources and buildings of budget organizations, territorial offices in cities (villages and settlements), to cleaning and landscaping service providers, as well as to 6 educational, 2 healthcare, 1 amelioration and water farm, 2 transport and 2 utility agencies, 1 diplomatic representation was controlled by the central office of the State Financial Monitoring Service of the Ministry of Finance of the Republic of Azerbaijan, and to budget organizations financed at local incomes and expenditures of cities and districts by the regional financial inspectorates in accordance with the work plan compiled on the basis of the outcomes of the risks assessment.
The Ministry of Finance of the Republic of Azerbaijan (MOF) has increased the Government’s stake in the International Bank of Azerbaijan (IBA) from 54.96 percent to 76.73 percent. It has resulted from the registration on January 26, 2017 of the latest issue of shares in relation with equity injection of 600 million manats effected by the MOF in December 2016.
Incomes of the state budget for 2016 made 17,501.2 mln. manat, while expenditures made 17,742.4 mln. manat.
The Government of Azerbaijan, the South Gas Corridor Closed Joint Stock Company (SGC) and the World Bank signed a loan agreement to support the Trans-Anatolian Natural Gas Pipeline (TANAP) project on January 16, 2017.
The 8th session of Azerbaijan-France Intergovernmental Economic Commission was held on December 13 in Paris, France. At the meeting attended by the delegations headed by the co-chairs of the intergovernmental commission, minister of finance of the Republic of Azerbaijan Mr. Samir Sharofiv and minister of state of the Republic of France for foreign trade, the promotion of tourism and French people abroad Mr. Matthias Fekl, the French co-chair stated that his country attaches great importance to the relations with Azerbaijan and that the intergovernmental commission will play a significant role in the development of economic and financial dialog between the two countries.
The 8th Intergovernmental Economic Commission Azerbaijan-France meeting had began its work on December 13, in Paris.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov met with minister for commerce of the Islamic Republic of Pakistan Mr. Khurram Dastgir Khan within his visit to our country on December 5, 2016.
The Minister of Finance of the Republic of Azerbaijan Samir Sharifov has received the Chairman of the Board of the Eurasian Development Bank Dmitry Pankin on December 5, 2016.
As of October 1st, 2016, the external public debt of the Republic of Azerbaijan constituted 7,650.7 million US dollars equivalent (12,402.6 million manat). The Debt to the Gross Domestic Product (GDP) ratio stands at 20.1 percent. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
Today is Monday, 27 March 2017 year