Baku hosts conference examining Azerbaijan's equity market

Minister Heydar Babayev said there has been progress in the equity market recently and the issue of T-bills and corporate bonds further advanced.

Gunduz Mammadov said technical assistance by international institutions has also contributed to the development of the equity market. FIRST Multi Donor Program provides technical assistance to financial sector structures in the developing countries.

He said the non-bank bond market establishment support project has continued to progress. "International experts participated in the activities. AZEL (Azerbaijan Electronics) issued the first nonblank corporate bonds in Azerbaijan in April, 2006. The bonds were placed at Baku Stock Exchange," he said.

Experts discussed the development methods and prospects of the Azerbaijan's equity market at the conference, APA informs.