AmCham Azerbaijan Supports Implementation of Green Recovery Programs for Sustainable Development of the Country
“Preparation of sustainable programs for the development of "green" energy in Azerbaijan will contribute to the growth of investments in this sector” Ms. Gulnara Aslanbayli, Executive Director of American Chamber of Commerce in Azerbaijan said at the event on “Financing Sustainable Development: Sustainable and Green Recovery from the COVID-19 pandemic” held on October 6, 2021 in Baku.
“The possibilities of "green" energy have not yet been fully explored at the global level and that is one of the main risks in the green growth investment. The main role of the state here is to act as a regulator and take the necessary steps to stimulate such investments. I am sure that the state programs supporting creation of Green Energy zones in the liberated territories, including the Smart City and Smart Village concepts facilitate the growth of investments aimed at the sustainable development of green energy in the country” Ms. Aslanbayli said.
An event on "Financing Sustainable Development: Sustainable and Green Recovery from the COVID-19 Pandemic" was held on October 6, 2021 with the organizational support of the National Coordinating Council for Sustainable Development, the Ministry of Economy and the United Nations Development Program (UNDP) in Azerbaijan.
The event focused on the discussion of the issues of financing sustainable development, new challenges for the implementation of development priorities in Azerbaijan in the post-pandemic period, opportunities to promote an environment that ensures the sustainability and quality of the economy through "green" resources, ways to achieve Sustainable Development Goals (SDGs).
Mr. Mikayil Jabbarov, Minister of Economy, Deputy Chairman of the National Coordinating Council for Sustainable Development provided information on support mechanisms.
UNDP Resident Representative in Azerbaijan, Mr. Alessandro Fracassetti said that the projects implemented as a result of successful cooperation between the Government of Azerbaijan and the UN Development Program are an important step towards sustainable development and is confident that this cooperation will continue in the upcoming years.
The event continued with a panel session. Executive Director of the American Chamber of Commerce in Azerbaijan, Ms. Gulnara Aslanbeyli, Deputy Minister of Energy, Mr. Elnur Soltanov, Deputy Minister of Ecology and Natural Resources, Mr. Vugar Karimov, Deputy Chairman of the Chamber of Accounts, Mr. Nasir Sadigov, UNDP Deputy Resident Representative in Azerbaijan, Ms. Charu Bist took part in the panel session moderated by Huseyn Huseynov and expressed their views on the topic of discussion.
BFI Committee`s February Meeting
On February 6, AmCham hosted BFI Committee`s Meeting.BFI Chairperson, Mrs. Aytan Rustamova, opened the meeting by welcoming members, guest speakers Sanan Hasanov (Demir Bank) and Nazim Mammadov (Alliance Group LLC) as well as informing the committee members on the achievements & challenges of the past year.Within the first part of the meeting Committee Chairperson passed the floor to the guest speaker of the meeting, Mr. Sanan Hasanov, the representative of Demir Bank who delivered a report on “EnergoCredit”, the collaborative project of European Bank for Reconstruction and Development (EBRD) with Demir Bank. The presentation was followed by Q&A session.Short bio of our guest speaker:Mr. Hasanov holds a master of Finance from Azerbaijan State University of Economy. He is currently working for DemirBank OJSC as Marketing Director. He has more than 10 years experience in banking sector in Azerbaijan. He has managed and implemented many local and international projects.During the second part of the meeting Mr. Nazim Mammadov, representative of Alliance Group LLC has delivered a presentation on “Case studies from Georgia on EnergoCredit project”. The presentation was followed by Q&A session.The Committee meeting finished by networking and one-to-one conversations.Powered by Froala Editor
BFI Committee`s March Meeting
On March 16, AmCham hosted BFI Committee Meeting.BFI Chairperson, Mrs. Aytan Rustamova, opened the meeting by welcoming committee members and guest speaker – Mrs. Julie Nutter, Director of the Office of Sanctions Policy and Implementation in the Department of State’s Bureau of Economic and Business Affairs.Within the first part of the meeting, Mrs. Julie Nutter delivered a very informative speech on “US Policy & Sanctions on Russia and Iran” followed by Q&A session.During the second part of the meeting, Mrs. Nutter introduced Mr. W. Stuart Huffman, Foreign Service Officer of the Office of Sanctions Policy and Implementation, who joined her during the Q&A session.Short bio of our guest speaker:Julie Hagarty Nutter is the Director of the Office of Economic Sanctions Policy and Implementation (SPI) in the Department of State’s Bureau of Economic and Business Affairs (EB). Prior to her current posting, she was the Economic Minister-Counselor at the U.S. Embassy in London. From 2005 to 2008, Ms. Nutter was the Director of the Office of Development Finance in the Economic, Energy, and Business Affairs Bureau. She previously served as the Economic Counselor in the U.S. Mission to the European Union in Brussels. During her Brussels tour, she volunteered for an Iraq Provincial Reconstruction Team Leader position and spent seven months in Iraq, mostly in Basra, working to improve governance capacity at the provincial level. In earlier jobs, she headed the Ukraine desk of the State Department in the run-up to the Orange Revolution, worked closely with other donors on G-8 and Balkan reconstruction issues, and did political and economic reporting during the Liberian civil war. Ms. Nutter has a Masters’ degree in National Security Resource Strategy from the National Defense University and a Masters’ degree in International Economics from Georgetown University. She has two daughters, and grew up in Philadelphia, Pennsylvania.Powered by Froala Editor
BFI AND CSR COMMITTEES` JOINT MEETING
On May, 18, AmCham hosted BFI and CSR Committees` Joint Meeting.Mrs. Nargiz Nasrullayeva-Muduroglu opened the meeting by welcoming participants as well as introducing Mrs. Natavan Mammadova as the newly appointed Director of AmCham Azerbaijan. Afterwards, she passed the floor to Mrs. Ayten Rustamova, Chairperson of BFI Committee, who introduced guest speakers to the audience – Mrs. Gwen Burchell, Director of United Aid for Azerbaijan (UAFA) and Mrs. Natavan Hasanova, researcher of Strategic Research Center of AR (SAM).During the first part of the meeting, Mrs. Burchell informed the participants of the meeting about UAFA and its activity. Afterwards, she passed the floor to her colleague – Mr. Saleh Nasirov – who provided the detailed information about the activity direction of UAFA, particularly pre-school educationm reabilitation centers and social support and also, creation of educational systems in four regions of Azerbaijan. Moreover, Mr. Nasirov presented a video clip about Child Development Center in Baku established by UAFA.Within the second part of the meeting, the floor was passed to Mrs. Natavan Hasanova who delivered a presentation on “Research Results on Corporate Social Responsibility at Azerbaijani Banks”. Along with the report on local activities, Mrs. Hasanova provided very thorough information on CSR activities in different countries (USA, China, Japanm Germany, Italy, Australia).In the end of the meeting, Ms. Aynura Piriyeva, Chairperson of CSR Committee, announced the organization of CSR Excellence Award in cooperation with P. World on October 1, 2.Powered by Froala Editor