BAKU, Azerbaijan, May 27. Azerbaijan will
launch a unified digital financial platform to streamline access to
capital, concessional lending mechanisms, and state-backed support
programs for micro, small, and medium enterprises (MSMEs), Trend reports.
This is reflected in the “State Program on expanding financial
inclusion for 2027-2030” approved by the President of the Republic
of Azerbaijan, Ilham Aliyev.
According to the document, it is planned to create a platform
that will allow MSBs to establish contacts with authorized credit
institutions and apply for preferential mechanisms.
The State Program notes that the Innovation and Digital
Development Agency (IDA) has been identified as the main executor
of the event. The Ministry of Agriculture (MTA) and the Mortgage
and Credit Guarantee Fund (MCGF) will be involved in the process,
and recommendations will be made to the Central Bank of Azerbaijan
(CBA).
According to the document, the implementation of the project
will cover 2027–2028.
The initial phase will focus on analyzing international models
designed to improve financing flexibility for small businesses.
Following this, an intermediate prototype of the unified platform
will be developed.
The final objective is the full deployment of ecosystem that
consolidates all state financial support under a single digital
window.
