BAKU, Azerbaijan, June 16. Azerbaijan's
strategic geographic location provides a unique opportunity to
become a regional investment hub, Representative of the Food and
Agriculture Organization (FAO) of the United Nations in Azerbaijan,
Nasar Hayat, said, Trend's correspondent reports from the event.
He made the remark at the 8th SDG Dialogue “Innovative Financing
for Sustainable Development, Beyond Aid and Traditional ODA" within
the framework of the Islamic Development Bank (IsDB) Annual Meeting
in Baku.
"Azerbaijan's strategic geographic location, connecting Central
Asia, the Caucasus, and the Middle East, offers a unique
opportunity to become a regional hub for investment, trade,
finance, and cross-border capital flows," the FAO representative
said.
Hayat noted that Azerbaijan is implementing ambitious reforms
aimed at strengthening sustainable and inclusive growth. The
country has made significant progress in implementing the
Sustainable Finance Roadmap for 2023–2026 and in developing key
instruments such as the National Green Taxonomy, which provides a
solid foundation for aligning national financial flows with
environmental and social priorities.
He also added that private capital is not just an additional
source of financing.
“It's vital if we are to achieve the Sustainable Development
Goals. However, enabling it to reach its full potential requires
enabling policies, a robust regulatory framework, effective
risk-sharing mechanisms and, above all, stronger partnerships
across sectors and countries,” Hayat said.
