ECONOMY
ACUA HOSTS CONFERENCE ON SOCIAL AND ECONOMIC EFFECTIVENESS OF CREDIT UNIONS
Speakers at the meeting were Ziyad Samedzadeh, Head of Milli Majlis standing commission on economic policy, Gunduz Mammadov, chairman of the State Committee for Securities, Gurban Sadigov, head of the Department on Refugees, IDPs Migration and Contacts with International Agencies of the Cabinet of Ministers of Azerbaijan. They highlighted the importance of the event, stressing the positive role of credit unions for the socio-economic development of regions, poverty reduction, opening of new jobs, solution of social problems of refugees and internally displaced persons.
Speakers said the government of Azerbaijan is ready to provide any assistance to facilitate credit unions’ operations.
The meeting participants heard the reports on movement of credit unions in Azerbaijan, role of credit unions in SME development and other issues.
After the break, the discussions revolved around participation of the credit unions in the agriculture, projects seeking improvement of social conditions of refugees and IDPS as well as the contribution that the World Bank, Asian Development Bank, International Finance Corporation, Germany-Azerbaijan Fund can make, ACUA’s plan of actions, legislation and progressive world practices.