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Support for improving the investment climate and promoting the export climate

Terminé

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Customer

– Azerbaijan Investment Company (AIC)
– Azerbaijan Export and Investment Agency (AZPROMO)
– State Securities Committee (SSC)
– Baku Stock Exchange (BSE)

Start Date

Jan 1, 2009

End date

July 31, 2011

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Amount

2 769 000 €

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Country and region

Azerbaijan

Caucase

Landlords

European Commission

Description

From January 2009 to July 2011, the Belgian Bankers Academy supported four key institutions in Azerbaijan to reduce oil dependence and stimulate sustainable economic growth:


  1. Investment & Export Promotion – Diagnosis of obstacles to FDI and policy recommendations for AIC and AZPROMO.– Design of pilot projects:• 3–5 targeted companies to attract local and foreign FDI,• 4–5 new exporters supported to diversify sectors.

  2. Institutional and legislative strengthening – Training of AIC/AZPROMO teams on the legal and commercial promotion of FDI.– Review and optimization of promotion plans and export regulations.

  3. Securities Market Development – Assistance to the BSE and SCS in modernizing the Baku Stock Exchange: listing, terminology development and legislative adaptation. – Development of recommendations for international best practices and their transposition.

  4. Awareness & Training – Organization of workshops and seminars for regulators, issuers and investors on portfolio mechanisms and investment sustainability.

Role of BBA

  • Diagnosis & recommendations : assessment of barriers to FDI and non-oil export routes

  • Design of pilot projects : definition of co-financing and export support schemes

  • Capacity building : facilitation of workshops for AIC, AZPROMO, BSE and SCS on regulation, stock market listing and financial innovations

  • Legislative Review : Advice on Adopting Securities Terminology and Updating the Regulatory Framework

  • Institutional support : strengthening the governance of the BSE and the SCS, and development of supervision guidelines

  • Deliverables : diagnostic reports, best practice manuals, action plan templates and training materials

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