11:13 - 15.01.2026

---

January 15, Fineko/abc.az. The execution of decisions taken on the compliance audit conducted in 2024 in connection with the formation and management of funds in the Azerbaijan Mortgage & Credit Guarantee Fund has been made public.

ABC.AZ reports, referring to the Accounts Chamber, that despite the fact that part of money allocated to the AMCGF to finance preferential mortgage loans from the State Budget is intended for the State Housing Construction Agency (MIDA), it is not fully used, remains on AMCGF’s account for a long time and is directed to other assets. When forecasting the finances to be allocated for these purposes in subsequent years, an appeal was sent to the Ministry of Finance and the audit decision was enforced to account for the amount remaining at the end of the year. At the same time, taking into account that the money allocated from the State Budget to finance interest subsidies on loans received by business entities in manats are accepted as obligations for 3-year period in accordance with the rules, as well as taking into account the storage of residual funds in the AMCGF liquid assets, budgetary funds are taken into account, when forecasting funds for future years, funds known as free residual funds were sent to the Ministry of Finance for this purpose. It was noted that this decision was also implemented.

ACA’s report also emphasizes that the audit took into account the fulfillment of obligations for 3.12 million manats on 5.22 million manats deposited in the bank liquidated at the end of the reporting year.

At the same time, it was noted that the fulfillment of obligations on the balance of the existing claim in the amount of 2.1 million manats to this bank has been partially secured, and the process is currently ongoing.

It was noted that the monitoring of measures for the execution of audit decisions in this area continues.