Reforms in Azerbaijan's financial sector discussed at WB meeting in Tbilisi

At a meeting in Tbilisi dedicated to the exchange of experience in the execution of the state budget within the PEMPAL (Public Financial Management) program organized by the World Bank, reforms carried out in Azerbaijan's financial sector were discussed, Report informs referring to the Ministry of Finance.

The delegation of the Ministry of Finance was headed by Director of the State Treasury Agency Nazim Gasimzada, who is also the chairman of the Board of the PEMPAL Treasury Community.

In his speech, he spoke in detail about electronic auctions, modernization of the treasury information system, and digital transformation in the field of public finance management. PEMPAL is a World Bank initiative that unites 21 countries of Central and Eastern Europe and Central Asia to exchange experiences in public expenditure management.