ECONOMY
Baku hosts conference on Credit Bureau
Baku, May 2 (AZERTAC). Baku has hosted a conference on Credit Bureau organized by the International Finance Corporation (IFC), IFC Azerbaijan-Central Asia Financial Markets Infrastructure Advisory Services Project, and Executive Committee for the establishment of the Azerbaijan credit bureau.
The main aim of the conference is raising awareness of credit reporting systems, sharing knowledge and experience.
The conference features discussions on the issues of establishment of international credit bureau, and application of a credit bureau database.
Chairman of the executive committee for the establishment of credit bureaus, Rauf Akhundov, said the process would be an important step towards strengthening the activities of financial institutions and reducing the risks.
IFC resident representative in Azerbaijan Aliya Azimova said commercial credit bureaus have enough capacity to provide the growing market needs.