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Azerbaijani government prepares a joint project with ADB

25.02.2021,12:37


February 25, Fineko/abc.az. The Azerbaijani government is preparing a joint project with the Asian Development Bank (ADB).

ABC.AZ reports this was stated by vice-president of the National Confederation of Entrepreneurs' Organizations (Employers) Vugar Zeynalov at the 10th Azerbaijan Microfinance Online Conference on the theme "Prospects in the post-pandemic period: towards digitalization".

He noted that the government together with the bank is preparing a project for micro-entrepreneurs to receive small, even about 2,000 manats, unsecured loans.

According to Zeynalov, this project provides for the satisfaction of the main part of the collateral guarantees of entrepreneurs by the Azerbaijani Mortgage & Credit Guarantee Fund.