BAKU, Azerbaijan, July 25. President of the
Republic of Azerbaijan, Ilham Aliyev, has signed a decree on
amendments to the Charter of the Mortgage and Credit Guarantee Fund
of the Republic of Azerbaijan, Trend reports.
According to the decree, the fund’s charter capital will be
raised from 1 billion manat ($588.2 million) to 1.15 billion manat
($676.4 million).
The increase in the charter capital will be financed by 85
million manat ($50 million) allocated from the 2025 state budget to
support concessional mortgage lending.
The Ministry of Finance is tasked with ensuring the funding in
the specified amount, while the fund must address issues arising
from the decree.
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