A new credit guarantee program under development to be launched this month

12:16 - 15.04.2020


April 15, Fineko/abc.az. The Ministry of Economy is going to launch a program of state credit guarantees until the end of April.

ABC.AZ reports that the relevant statement was made by Economy Minister Mikail Jabbarov at an online meeting chaired by the country’s leader.

The minister noted that work with the public sector and banks to provide the state with credit guarantee support is being completed.

"Our goal is to launch the program by the end of this month," the minister said. Jabbarov noted that, in particular, we together with the banking sector are carrying out this work within a certain framework, and there is a fruitful work:" The work on the legislative package reflecting tax incentives has been completed. The process of approving visas of collegial structures is underway. Also, work is underway on relevant sectoral plans in the eight sectors of the economy covered by the action plan under the new economic conditions."

 

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