BAKU, Azerbaijan, June 18.
Cooperation opportunities have been discussed between Azerbaijan
and the UAE.
This was announced by the press service of Azerbaijani Ministry
of Finance following the meeting of the First Deputy Minister of
Finance Anar Karimov with the delegation of First Abu Dhabi Bank
(FAB) on June 18.
According to the information, during the meeting, the parties
discussed the current status and development prospects of economic
and financial cooperation between Azerbaijan and the UAE, expansion
of investment resources, financing of strategic infrastructure
projects, cooperation opportunities in the fields of sustainable
development, green finance, digital transformation, and capital
markets.
Karimov emphasized that relations between the two countries have
been developing dynamically in recent years, and noted that the UAE
is one of Azerbaijan's main strategic partners in the Gulf
region.
"Briefing on the economic reforms implemented in our country,
the deputy minister noted that Azerbaijan has strong macroeconomic
fundamentals, a stable fiscal framework, and an efficient public
debt management system.
He highlighted the implementation of consistent reforms aimed at
diversifying the economy, developing strategic infrastructure,
improving the investment climate, and promoting the private
sector," the information said.
At the same time, Karimov stated that Azerbaijan attaches
special importance to cooperation with international financial
institutions, emphasizing that this cooperation is not limited only
to attracting financial resources, but also serves to integrate
advanced international experience and innovative financial
solutions into the country.
Meanwhile, the FAB Board Member, Fawaz Abusneineh, expressed
satisfaction with the development of cooperation with Azerbaijan,
noting that the economic reforms carried out in the country, a
favorable investment climate, and the expansion of regional
economic relations have created new opportunities for cooperation.
He expressed interest in expanding cooperation with Azerbaijan in
the areas of strategic infrastructure, sustainable finance, capital
markets, and innovative financial solutions.
During the meeting, views were also exchanged on the development
of transport and logistics infrastructure, promotion of
international financial and investment flows, as well as the
prospects for further expansion of financial cooperation between
Azerbaijan and the Gulf region.
