12:35 - 23.05.2025

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May 23, Fineko/abc.az. Since 2018, as a result of the successful implementation of the Medium- and Long-Term Public Debt Management Strategy of the Republic of Azerbaijan, the government bond market has grown almost 9-fold and reached 9 billion manats.

ABC.AZ informs, quoting Azer Mursagulov, the director of the Agency for Public Debt & Financial Obligations Management under the Ministry of Finance, during his speech at the financial & investment forum in Baku.

He recalled that noticeable growth in the government securities market occurred in 2018: "This year, the document Medium- and Long-Term Public Debt Management Strategy was adopted and approved by the Azerbaijani President. One of the main directions of the strategy was development of domestic financial markets, an increase in domestic borrowing amid gradual reduction in external debt and expansion of the government securities market," Mursagulov said.