Stalder said that special attention is currently paid to creation of private credit bureaus and registry of movable property within the framework of structural reforms in Azerbaijan’s financial and banking system.
In turn, Executive Director of the Azerbaijan Microfinance Association (AMFA) Jala Hajiyeva noted high interest of foreign investors for the country’s microfinance market.
“Azerbaijan’s microfinance market continues to attract the interest of new investors, in particular, a group of Islamic Development Bank (IDB) carries out the study of the local market,” she said. “Businessmen from the former Soviet countries also show interest, and they offer to introduce new business models in Azerbaijan.”
More about:
