Azerbaijan, Baku, Apr. 3 / Trend /
National Bank of Azerbaijan (NBA) Chairman Elman Rustamov and OPEC Fund for International Development (OFID) Chief Director Yasser Suleiman Al-Herbish discussed the role of NBA's monetary policy to ensure financial stability in the country, the NBA said in a message on Apr. 3.
The meeting also discussed the main directions of the macroeconomic policies pursued in the country and the current economic state.
The officials touched upon the programs realized by the OFID in oil producing countries, the countries' development trends and the challenges they face in connection with the global financial crisis.
On Apr. 2, the guest negotiated with Azerbaijani Finance Minister Samir Sharifov and signed an agreement on two loans at $10 million for AGBank. The loans will be spent to support small and medium business and finance trade.
The OFID participates in the public sector of Azerbaijan as part of two projects - reconstruction of the Ujar-Yevlakh highway (OFID share is $10 million) and construction of the Valvalichay Takhtakorpu channel ($8 million).
In the private sector, the OFID allotted $5 million to the Access Bank and the Azerdemiryolbank each under an agreement on direct funding signed with the Azerbaijani Government.
Do you have any feedback? Contact our journalist at [email protected]
