An efficient public debt management system is imperative for sustainable economic growth, better governance and poverty alleviation
UNCTAD and Azerbaijan have signed an agreement to help the country better manage its public debt.
Secretary-General Mukhisa Kituyi and the country’s finance minister Samir Sharifov signed the agreement on 25 October in the capital, Baku, on the sidelines of the 18th Summit of the Non-aligned Movement.
The agreement covers the procurement and implementation of UNCTAD’s debt management and financial analysis system (DMFAS).
Financed mainly by the Swiss State Secretariat for Economic Affairs (SECO), with further support from the Asian Development Bank (ADB), the project aimed at improving Azerbaijan’s management of public debt and guarantees will run for three years.