BAKU, Azerbaijan, August 15. Azerbaijan meets the U.S. Department of State’s minimum requirements for fiscal transparency, according to the U.S. Embassy in Azerbaijan.
The embassy said this was reflected in the State Department’s 2026 Fiscal Transparency Report.
“Fiscal transparency builds trust, strengthens accountability and helps attract investment. Congratulations, Azerbaijan!” the embassy said.
According to the report, the U.S. Department of State assessed 139 governments and the Palestinian Authority for fiscal transparency. The assessment found that 73 governments met the minimum fiscal transparency requirements, while 67 governments did not. Of the governments that did not meet the requirements, 14 made significant progressduring the reporting period.
Azerbaijan was among the governments that met the minimum fiscal transparency requirements.
The assessment covered criteria including public access to budget documents, disclosure of government revenues and expenditures, publication of information on public debt, the independence of state audit institutions and the auditing of financial statements.
It also assessed the public disclosure of contracts and licensing procedures related to natural resource extraction, as well as government procurement contracts.
The report said fiscal transparency is an important element of effective public financial management, helping build confidence in markets and support economic resilience. According to the State Department, transparent budget and procurement processes can reduce the risks of corruption and unfair practices while creating a more favorable business environment.
Along with Azerbaijan, Türkiye, Georgia, Kazakhstan, Uzbekistan, Armenia, South Africa, Singapore, India and other countries were listed as meeting the minimum fiscal transparency requirements.
The report said several African countries, including Angola, the Democratic Republic of the Congo, the Republic of the Congo, Cameroon, the Central African Republic, Chad, Ethiopia, Gabon, Nigeria, Mozambique, Tanzania, Togo, Zambia and Zimbabwe, did not meet the minimum requirements.
