Emin Zamin Huseynov has been appointed to the position of deputy minister of finance of the Republic of Azerbaijan by the Decree of the President of the Republic of Azerbaijan Ilham Aliyev dated to June 24, 2016.
As of April 1st, 2016, the external public debt of the Republic of Azerbaijan constituted 7,448.7 million US dollars equivalent (11,486.6 million manat). The Debt to the Gross Domestic Product (GDP) ratio stands at 21.0 percent. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received Mr. Mathew Fox, a member of the Board of Directors of the Asian Development Bank (ADB).
The Law “On the execution of the state budget for 2015 of the Republic of Azerbaijan” was adopted on May 31, 2016 in the Milli Majlis of the Republic of Azerbaijan.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov participated in the regional roundtable attended by the South Caucasian, Central Asian and other states within the 9th Astana Economic Forum started in Astana, Kazakhstan.
Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov, a representative of the Republic of Azerbaijan in the Board of Directors of the International Monetary Fund (IMF), received the mission led by Mohammed Al-Gorchi for consultations under Article IV of the Agreement between IMF and Azerbaijani government on May 19, 2016.
An event was organized to mark the 93rd anniversary of National Leader Heydar Aliyev at the Ministry of Finance of the Republic of Azerbaijan.
The 49th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) started its work in Frankfurt, Germany on May 2. The delegation led by minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov who is a member of the Bank’s Board of Governors is participating in the meeting that will last till May 5.
Incomes of the state budget for the first quarter of 2016 made 3,678.1 million manat, while its expenditures made 2,623.5 million manat, e.g. there was a budget surplus of 1,054.6 million manat.
Operations run in international financial markets regarding the placement of state-guaranteed bonds issued by the “South Gas Corridor” CJSC were completed successfully on March 24, 2016.
The presentations on the state-guaranteed bonds of the Republic of Azerbaijan issued by the “South Gas Corridor” CJSC were successfully completed for investors in Great Britain and the USA on March 17, 2016.
For involving an experienced international consulting company for estimating and diagnosing cost of electricity production, fuel consumption, norms of technical losses, and efficiency of electricity generation, electric stations and equipment in Azerenerji OJSC.
Today is Saturday, 02 July 2016 year