BAKU, Azerbaijan, April 30. Azerbaijan
discussed cooperation and exchange of experience in the management
of state-owned enterprises during an international event held in
Seoul, Republic of Korea, Trend reports via the country's Ministry of
Finance.
The discussions took place during the visit of the Azerbaijani
delegation to the “Global Conference on State-Owned Enterprises,”
held on April 27–30 at the invitation of the World Bank.
The conference, attended by government representatives from
various countries, heads of state-owned enterprises, international
financial institutions, and senior representatives of relevant
Korean institutions, was organized to strengthen cooperation in
public financial management and facilitate the exchange of
professional experience.
At the event, Farid Bakhshiyev, Director of the State
Enterprises Monitoring Agency under the Ministry of Finance,
delivered a presentation on “Implementation of a centralized
monitoring system in Azerbaijan,” outlining the country’s
achievements in this field and the approaches applied, and
responding to participants’ questions.
During the visit, the Azerbaijani delegation held meetings with
Arturo Gutierrez, Global Director for Management at the World Bank,
as well as with authorized representatives of the Ministries of
Finance and Economy of the Republic of Korea. The discussions
focused on studying the Korean experience, regarded as one of the
leading practices in public enterprise management, as well as
exchanging experience and exploring opportunities to expand
bilateral cooperation in the monitoring of state-owned
enterprises.
At the same time, exchanges of views were held on the management
and monitoring of state-owned enterprises during meetings with
representatives of similar institutions from various countries.
As part of the conference, the delegation from the Ministry of
Finance also conducted study visits to selected state-owned
enterprises in the Republic of Korea.
