Interest subsidy liability of Mortgage and Credit Guarantee Fund up by fivefold

Kanan Sadigov
Author

As of July 1 of this year, the interest subsidy liability of the Mortgage and Credit Guarantee Fund (MCGF) amounted to 61,725 million manats ($36.3 million), 5.1 times more than a year earlier, Report informs, citing the Fund.

According to the document, this is 5.1 times more than on July 1 last year.

MCGF was established by the decree of the President of the country, dated December 25, 2017.

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