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.
There have been started preparations on introduction at international markets of state-guaranteed bonds to be issued by the company “South Gas Corridor” to finance the projects “Shahdeniz 2”, “South Gas Pipeline”, “Trans-Anadolu Gas Pipeline” (TANAP) and “Trans Adriatic Pipeline” (TAP).
There was discussed a draft law on amendments to the state budget for 2016 at the plenary session of the Milli Majlis (parliament) of the Republic of Azerbaijan which was held on February 23, 2016. The relevant draft law had been submitted by the President of the Republic of Azerbaijan Ilham Aliyev to the Milli Majlis of the Republic of Azerbaijan.
As of January 1st, 2016, the public external debt of the Republic of Azerbaijan constituted 6,894.3 million US dollars equivalent (10,751.0 million manat). The Debt to the Gross Domestic Product (GDP) this stands at 19.8 percent. The external Public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
There have been established a Board of Appeal and a Secretariat of the Board of Appeal under the Ministry of Finance of the Republic of Azerbaijan. Composition of the board and secretariat have been approved in accordance with the Decree of the President of the Republic of Azerbaijan on the “Establishment of Boards of Appeal under the central and local executive authorities of the Republic of Azerbaijan” dated to February 3, 2016.
The issue of state bonds in AZN and USD auctioned at “Baku Stock Exchange” CJSC was successfully realized by the Ministry of Finance on February 5, 2016.
Today is Wednesday, 25 May 2016 year