Baku: President Ilham Aliyev has issued a Decree aimed at enhancing the mechanisms for guarantees and interest subsidies on loans provided to business entities. This Decree includes amendments to several existing decrees of the President of the Republic of Azerbaijan.

According to Azeri-Press News Agency, the Decree involves the delegation of certain powers from the Mortgage and Credit Guarantee Fund to the Azerbaijan Business Development Fund. This move is part of a broader effort to streamline financial support for businesses, ensuring more efficient access to credit and financial resources. The changes are expected to facilitate improved financial infrastructure for business entities in Azerbaijan.