“Housing finance fund assets in Azerbaijan have exceeded 2 billion US dollars,” First Deputy Finance Minister of Azerbaijan, Anar Karimov, said during the session titled “A New Deal for Housing Finance” held within the framework of WUF13, APA-Economics reports.
He stated that Azerbaijan’s housing finance model combines state support with capital market financing.
Anar Karimov noted that the volume of assets managed by the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan has now exceeded 2 billion US dollars. According to him, within the framework of the model, preferential mortgage loans are provided for vulnerable groups on the one hand, while bond issuances are carried out in the domestic capital market on the other.
The First Deputy Finance Minister emphasized that preferential housing programs are intended for refugees, internally displaced persons, military personnel, teachers, and families of martyrs.
Anar Karimov stated that digitalization in the housing sector is also among the main priorities, and the application, verification, and approval processes have been fully digitized.
He noted that more than 10 billion US dollars have been allocated since 2020 for reconstruction and resettlement purposes within the framework of the “Great Return” program implemented in Azerbaijan’s liberated territories.
