"Azerbaijan considers it necessary to closely involve international financial organizations, including the Black Sea Trade and Development Bank (BSTDB), in the reconstruction of the liberated territories," Minister of Finance Samir Sharifov said at the Azerbaijan-BSTDB business forum, Report informs.
"Given the fact that the BSTDB has fewer capital reserves than other international financial institutions and is specialized in financing the private sector, we invite the Bank to provide credit support to business projects of local and foreign entrepreneurs in Karabakh and East Zangazur. We consider it reasonable to start the relevant preparations now," the minister added.
He expressed confidence that the reintegration of the liberated territories into the country's economy, the creation of new international and regional transport and logistics corridors and the effective use of these opportunities will bring significant benefits not only to Azerbaijan but to all countries in the region.
"I am hopeful that the BSTDB will continue to contribute to achieving our goals of ensuring sustainable economic development in Azerbaijan," Sharifov said.