Azerbaijan to monitor entrepreneurs receiving preferential state loans

The Agricultural Credit and Development Agency (ACDA) under the Agriculture Ministry will monitor business entities that are provided with soft loans.

Report informs that this is reflected in the amendments, made by President Ilham Aliyev to the decree, dated December 19, 2018 "On improving state support for agriculture and leasing activities in the agricultural sector."

Under the new presidential decree, authorized credit organizations of ACDA regularly monitor economic entities and prepare quarterly reports.

In order to control the intended use of funds, the agency may selectively conduct independent monitoring of individual economic entities.