BAKU:A technical mission of the International Monetary Fund (IMF) has held a seminar in Baku on the topic of financial soundness indicators for the staff of the Financial Market Supervisory Authority of Azerbaijan (FIMSA) and the country’s Central Bank (CBA), FIMSA said in a message Feb. 24.
The seminar was held by the fund’s representative Jose Cartas as part of the IMF Finance Statistics Mission.
In particular, the main features of the methodology of financial soundness indicators, its compliance with the Basel principles, accounting principles and international experience were discussed in details at the seminar.
The mission will stay in Baku until March 2.The IMF office was opened in Baku in 1992.
Azerbaijan to suppress Armenia’s possible provocations on presidential election
BAKU:Armenia’s possible provocations on the eve of the presidential election in Azerbaijan will be severely suppressed, Azerbaijani Defense Minister Colonel-General Zakir Hasanov said
Hasanov made the remarks at a meeting of the ministerial leadership in Baku April 7, the Azerbaijani Defense Ministry said in a message.
Uzbek President visits Tashkent City complex
BAKU(Ali Mustafayev):President of Uzbekistan Shavkat Mirziyoyev visited the construction site of Tashkent City complex.
The head of state got acquainted with the construction process of a five-star hotel and a congress hall, the press service of the President of Uzbekistan said in a message.
Mirziyoyev gave relevant instructions to the managers of the projects for the high-quality construction of the facilities in accordance with modern requirements, providing broad conditions for major international events, pointed out to take into account geological, seismological and climatic factors.
The modern complex, built on an area of 80 hectares between the streets of Navoi, Olmazor, Islam Karimov and Furkat, will include business centers, shopping centers, hotels, offices, congress hall, exhibition halls, modern apartment buildings, restaurants, artificial lake, fountains, etc.
Dushanbe and Riyadh intend to set up Joint Direct Investment Fund and Business Council
BAKU(Ali Mustafayev):Tajikistan and Saudi Arabia intend to create a joint fund of direct investment and business council, the Ministry of Foreign Affairs of Tajikistan said in press statement.
The intention to create the relevant structures was announced at the second meeting of the Tajik-Saudi intergovernmental commission on trade, economic and scientific and technical cooperation, held in Riyadh.
According to the press statement,”The sides stressed the need to make wide use of the enormous potential existing between the two countries, with further creation of a joint fund of direct investments and a business council.”
The corresponding protocol was signed on a basis of the joint commission’s work.
Previously, investors of the two countries participated in two representative business forums, held in Riyadh and Jeddah on April 2 and 3.
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