Minister of Finance of the Republic of Azerbaijan Samir Sharifov made a business visit to the Islamic Republic of Pakistan, the United Arab Emirates (UAE) and India on February 19-21***As of January 1st, 2018, the external public debt of the Republic of Azerbaijan constituted 9,398.3 million US dollars (equivalent 15,978.1 million manat). The Debt to the Gross Domestic Product ratio stands at 22.8 percent (based on 2017 GDP of AZN 70,135.1 mln)******

Afghan minister of finance visits Ministry of Finance of Azerbaijan

Afghan minister of finance visits Ministry of Finance of Azerbaijan

08.11.2017

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov met the delegation headed by his Afghan counterpart Mr. Eklil Ahmad Hakimi on the 8th of November.
At the meeting, the ministers emphasized the importance of high-level political relations between Azerbaijan and Afghanistan, and underlined with great satisfaction that the two countries support each other in international organizations, including international financial institutions.
The meeting sides also highlighted the favorable geographical position, achievements and transit opportunities of our country as the initiator and participant of regional transport and infrastructure projects and the global importance of such projects as Baku-Tbilisi-Kars railway commissioned recently, North-South transport corridor and Baku International Sea Trade Port, and stated that these transit and transport routes create vast opportunities for transportations from and to Afghanistan.
The delegation of Afghanistan expressed great interest in various automated and integrated systems applied in the Ministry of Finance during the meeting. First of all, they became familiar with the automated information system of financial and accounting reporting (FARABI) in budget organizations which is built upon “cloud” technologies and controls resources of budget organizations. Moreover, the guests were astonished by the Treasury Management Information System performing real-time treasury and bank operations and control of actual expenses as integrated to the abovementioned system.
Afghanistan’s minister of finance expressed his desire to put into practice in his country the system based on modern information and communications technologies applied by the Ministry of Finance of the Republic of Azerbaijan.

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