Industry

Azerbaijan may launch two investment funds in next 4 years

The Azerbaijani government expects that two investment funds will start operating in the country in the next 4 years.

 

This was stated by Vusal Gasymly, executive director of the Centre for Analysis and Communication of Economic Reforms.

 

According to him, it is reflected in the Socio-Economic Development Strategy for 2022-2026. Under the document, the legal and regulatory framework for the corporate securities market will be improved with an emphasis on institutional development and expansion of infrastructural capacity.

 

In addition, the strategy predicts an annual growth of banking assets by 8%, credit portfolio by 10%, business loans by 6%, micro, small and medium business by 15%, and insurance market by 10%.

 

Source: Turan News Agency