Azerbaijan achieves significant progress in financial transparency

Azerbaijan has made significant progress in financial transparency, said the report of the US Department of State. “Azerbaijan made significant progress during the review period by publishing more detail on planned expenditures, including allocations to state-owned enterprises”, said the 2016 Fiscal Transparency Report. Fiscal Transparency Report describes the minimum requirements of fiscal transparency developed, updated,…

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Azerbaijan: Moody’s confirms issuer rating

The international ratings agency Moody’s Investors Service has confirmed Azerbaijan’s long-term issuer and senior unsecured debt ratings at Ba1 and assigned a negative outlook. Azerbaijan’s rating was changed in February, and the outlook on it was changed to “negative” in April. Earlier, the international ratings agency Fitch Ratings also approved of the long-term issuer default…

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Tajikistan: IsDB expected to invest in nine development projects

Tajik President Emomali Rahmon met in Jakarta, Indonesia with the Islamic Development Bank (IsDB) President Dr. Ahmad Mohamed Ali on the sidelines of the 12th World Islamic Economic Forum (WIEF). According to the Tajik president’s official website, Rahmon expressed satisfaction with the current level of cooperation between Tajikistan and IsDB. The government of Tajikistan and…

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