A staff team from the International Monetary Fund (IMF) led by Mohammed El Qorchi visited Baku during January 28-February 3, 2016, on a fact-finding visit and to discuss areas of technical assistance cooperation. At the conclusion of the visit, Mr. El Qorchi made the following statement:
Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov received Mrs. Shamshad Akhtar, the UN Assistant Secretary-General and the Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific Ocean (UNESCAP), on February 2.
The “Standard and Poor’s” rating agency downgraded the international credit rating of the Republic of Azerbaijan by one level on January 29, 2016.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov met with a broad mission consisting of the representatives of the International Monetary Fund (IMF), the World Bank (WB) and the Asian Development Bank (ADB) within their visit to the country on January 28.
The income of the state budget for 2015 made 17,153.2 mln. manat, while the expenditure was 17,786.8 mln. manat.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received new head of the International Monetary Fund (IMF) mission on Azerbaijan Mr. Mohammad al-Garci on December 21, 2015.
A wide-range board meeting dedicated to the objectives set forth in the state budget for 2016 was held on December 11, 2015 in the Ministry of Finance of the Republic of Azerbaijan.
As of October 1st, 2015, the external debt of the Republic of Azerbaijan stands at 6,730.9 million US dollars (7,054.0 million manat), while the ratio of external debt to the Gross Domestic Product (GDP) constitutes 12.4 percent. The debt statistics consist of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
The International Budget Partnership, an independent non-profit organization, of which headquarters is located in the United States of America assesses the accessibility and the level of usefulness and coverage of budget documents of over 100 countries with a 100-point scale.
Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov, the director of the Asian Development Bank (ADB) for Azerbaijan, met with Olly Norojono, the head of the permanent mission of the Asian Development Bank in Azerbaijan, in relation with the expiry of the term of his office on September 9.
The next meeting of the ministers of finance and heads of central banks of member states of the “Great Twenties” (G-20) started its work on September 4, 2015 in Ankara, Turkey. Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov is also participating in the meeting which will last for two days.
The “Fitch Ratings”, an international credit rating agency, confirmed the international credit rating of the Republic of Azerbaijan at the investment level of “BBB-” keeping its forecast as “stable” on August 29, 2015.
Today is Saturday, 06 February 2016 year