IDB allots $260,000 to boost Azeri securities market

The Islamic Development Bank (IDB) has allocated a $260,000 grant to the Azerbaijan State Committee on Securities to boost the securities market of the country.

The allocation will be used to open the branches of the Committee’s National Depository Center in different regions of the country in view of the fact that part of the joint-stock companies in Azerbaijan are operating outside the capital Baku.

The center, which currently has a branch only in the Nakhchivan Autonomous Republic, will operate new branches in Ganja, Lankaran, Shaki and Guba districts.*