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Minister: "IBA can be prepared for privatization"

"Process of restructuring the external obligations of the International Bank of Azerbaijan is now underway upon the order of President Ilham Aliyev. The IBA privatization will be on the agenda after the completion of the restructuring", Finance Minister Samir Sharifov said.

According to him, it’s already possible to take measures for privatization: “The EBRD is interested in this process. We will continue discussions with the EBRD in the future”.

 

S.Sharifov added that the Azerbaijani government is planning to involve experienced international consultants in the preparation of the IBA for privatization. "Preparation of the bank for privatization can begin in early 2018".

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