Background

The State Committee for Securities of the Republic of Azerbaijan (SCS) requested FIRST technical assistance for formulating a capital market development strategy and supporting time-bound action plan (road-map), with benchmarks to enable achieving the strategy objectives over the period of 2011-2015.

Project

Goal:  

The implementation of the strategy developed through this project is expected to have a direct impact on the securities market of Azerbaijan during the period of 2010-1015 through improving the market infrastructure, ensuring an efficient and user-friendly integrated trading system, introducing new financial instruments, improving financial reporting system as well as strengthening the regime of protection of investor rights.

Outputs:

The expected output of the project is a formal document worked out through intensive participation of the stakeholders identifying the Azerbaijan's capital market development strategy for the next 5 years through prioritized sequence of steps, which will a) critically analyze the current market conditions; b) clearly identify the direction of development and set necessary reform agenda; c) propose an efficient capital market architecture; and d) include detailed action plan (road-map).

Project LIFE TIME is 4 months, starting in March 2010

Project BUDGET is $123,000

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