BAKU, Azerbaijan, May 5. The Finance Ministries
of Azerbaijan and Georgia have reached an agreement to prepare and
sign a memorandum of cooperation, Trend reports via the Azerbaijani Ministry of
Finance.
The agreement was reached during the third day of the Asian
Development Bank (ADB) Annual Meeting held in Samarkand,
Uzbekistan.
Within the framework of the event, Azerbaijani Finance Minister
Sahil Babayev met with Georgian Finance Minister Lasha
Khutsishvili. The meeting emphasized the high level of strategic
partnership between the two countries, and it was noted that the
Intergovernmental Commission is an important platform for
coordinating bilateral cooperation and developing priority areas
within the framework of institutional cooperation.
Babayev noted that cooperation in the field of transport and
transit, especially the Baku-Tbilisi-Kars railway and other
logistics routes within the framework of the Middle Corridor
connecting Asia and Europe, significantly contribute to the
expansion of regional trade and strengthening the sustainability of
supply chains. The Minister emphasized the importance of
strengthening coordination on transit policy in this area.
He also touched upon strategic regional energy projects and said
that the Caspian-Black Sea-Europe Green Energy Corridor and the
Azerbaijan-Georgia-Türkiye-Bulgaria energy corridor are of great
importance in terms of deepening regional cooperation, and
accelerating the implementation of these projects, as well as
attracting international financing, are among the priority
areas.
During the meeting, views were also exchanged on reforms in the
field of public finance, strengthening fiscal sustainability,
public-private partnership mechanisms and cooperation with
international financial institutions, and the importance of
strengthening coordination on regional projects was emphasized. The
parties agreed to prepare and sign a memorandum of cooperation
between the Ministries of Finance of the two countries in the near
future.