Azerbaijan prepares mechanism for lowering interest rates on bank loans

Azerbaijan prepares mechanism for lowering interest rates on bank loans
# 25 May 2022 14:55 (UTC +04:00)

"Relevant programming work on food safety is underway," said Azerbaijan's Deputy Minister of Economy Sevinj Hasanova at today's meeting of the Committee of Parliament on Economic Policy, Industry, and Entrepreneurship, APA reports.

According to Deputy Minister, it is a special program on inflation: "Cabinet of Ministers signed an order on anti-inflation measures in February. Some issues are already resolved here. Issues on loan interest rates are included in such issues. The banking sector should impact economic development. State will make an interference provision of loans at low-interest rates. We have given suggestions on application of a new mechanism in this regard and the suggestions have already been confirmed.

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