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“Standard and Poor’s” agency kept the international loan rating of Azerbaijan as stable in a special assessment***The Milli Majlis adopts a law on the execution of the state budget for 2016***Ministry of Finance recommends referring to official data in statements about IBA***

8th session of Azerbaijan-France Intergovernmental Commission finished

8th session of Azerbaijan-France Intergovernmental Commission finished
Azerbaijani finance minister met his French colleague

14.12.2016

The 8th session of Azerbaijan-France Intergovernmental Economic Commission was held on December 13 in Paris, France. At the meeting attended by the delegations headed by the co-chairs of the intergovernmental commission, minister of finance of the Republic of Azerbaijan Mr. Samir Sharofiv and minister of state of the Republic of France for foreign trade, the promotion of tourism and French people abroad Mr. Matthias Fekl, the French co-chair stated that his country attaches great importance to the relations with Azerbaijan and that the intergovernmental commission will play a significant role in the development of economic and financial dialog between the two countries.
Drawing attention to the confidence of his country in the potential for economic development of Azerbaijan and the highest value attached by France to the reforms and measures to improve the business environment performed under the leadership of President Ilham Aliyev, Matthias Fekl underlined the available significant perspectives for further deepening and strengthening of cooperation between the two countries.
Azerbaijani finance minister Samir Sharifov provided broad information on the economic reforms implemented by the government under the leadership of President Ilham Aliyev, projects of great importance for the country and the region and transnational projects involving the Republic of Azerbaijan, and highlighted the non-oil sector as the priority of the country's economy.
In line of the meeting, discussions were conducted around the issues on cooperation in economy, finance, fuel-energy, transport, space, information and communication technologies, agriculture, as well as environmental protection, art, education, youth and sports focusing on the development of commercial, economic and investment relations between the two countries.
Minister of finance Mr. Sharifov held a series of bilateral meetings within the session of the intergovernmental economic commission. He exchanged opinions on the development of cooperation in various fields of economy and the priorities of and challenges before the economic development of our country at the meeting with Mr. Michel Sapin, the Minister of Economy and Finance of the Republic of France. The sides also conducted discussions on the scope and expected outcomes of due structural reforms to be performed by the Azerbaijani government and the provision of various forms of support to the Azerbaijani government in this direction.
Putting light on the significance of continuing cooperation between the two countries, Mr. Sapin stated that Azerbaijan is an important partner for France and this country always supports Azerbaijan with this respect.
Azerbaijani finance minister expressed gratitude to his French colleague for support provided to our country.