Bank Of Baku

Presentation of “insurance mechanism of agricultural loans” held in Baku

Presentation of “insurance mechanism of agricultural loans” held in Baku
# 25 February 2011 09:46 (UTC +04:00)
AMFA Executive Director Jala Hajiyeva said that, the main purpose is to present the results of commentaries of Ministries about mechanism which addressed to the final report.

She also noted that, Loan Insurance Funds, in most cases Guarantee Funds for Loans are established in Europe to reduce the risks on lending of agriculture sphere.

According to AMFA Chairman Suleyman Kalashov, agriculture sector is a risky sector that’s it’s important to insure this sector.

He also noted that, establishment of insurance fund was one of the important elements, in Azerbaijan.

Then, Vagif Rustamov, Head of the Research Team spoke about the importance of formation of relevant legal base for establishment of insurance fund.
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