Azerbaijan Brainstorms Financial Reforms With World Bank (PHOTO)

(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 30.​ An exchange of
experience on the implementation of the state budget of the World
Bank’s (WB) Public Expenditure Management Peer Assisted Learning
(PEMPAL) Program was organized in Tbilisi, Georgia, the Azerbaijani
Finance Ministry told Trend .

The event was attended by deputy finance ministers, treasury
heads, representatives of the PEMPAL secretariat and experts, as
well as a delegation led by Director of the State Treasury Agency
of the Finance Ministry, Head of the Executive Committee of the
Treasury Community of Practice of the PEMPAL Network Nazim
Gasimzade.

At the event, Gasimzade presented his report on the reforms
implemented in the PEMPAL countries and provided detailed
information on the reforms carried out in the financial sector in
Azerbaijan, as well as the auctions held, the electronic
organization of the treasury, the modernization of the treasury
information system and other issues.

The PEMPAL program was established by the WB in 2005 and is a
network of state fiscal authorities for the management of
government expenditures and unites 21 countries of Central Asia,
Central and Eastern Europe. The program aims to improve the
qualifications of employees of financial institutions through the
exchange of knowledge and experience in public financial
management. Representatives of the countries that are members of
the PEMPAL Program and international experts regularly share their
positive experience and exchange ideas.

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