Vusal Gasimli: Private sector participation in “Great Return” to bring fruitful results

The participation of the private sector in the implementation of the First State Program of the “Great Return” to the Azerbaijani territories liberated from occupation, covering 2022-2026, will bring fruitful results, executive director of the Center for Analysis of Economic Reforms and Communication Vusal Gasimli said at the VII International Banking Forum (IBF 2023) in Baku, Report informs.

He noted that more than 30 billion manats ($17.647 billion) of funds will be required to implement the project.

“About 22 billion manats of funds will be allocated by the government. There remains about 8 billion manats that can be attracted from the private sector, which in turn would bring fruitful results. The “Great Return” State Program will create good opportunities for the banking sector,” he said.

The VII International Banking Forum (IBF 2023) on the topic “Reliable, secure and sustainable banking” is taking place in Baku on November 1-2.