BAKU, Azerbaijan, March 27. President Ilham Aliyev has signed a decree amending the Charter of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan, TurkicWorld reports.
According to the decree, subparagraph 5.6.9 of the charter was canceled.
The MCGF (Mortgage and Credit Guarantee Fund of Azerbaijan) is a governmental fund formed by the merger of the Azerbaijan Mortgage Fund and the Credit Guarantee Fund of the Republic of Azerbaijan in 2017. Its goal is to improve living circumstances, establish an efficient financing mechanism for house construction, attract local and foreign investors to mortgage lending, and help SMEs gain access to credit.
