THE MEETING WAS HELD BETWEEN THE MCGF AND THE STATE MORTGAGE COMPANY OF THE KYRGYZ REPUBLIC
The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan (MCGF) studies regional and international experience, as well as exchanges experience with specialized foreign mortgage and credit guarantee organizations. On October 23, 2020, within the framework of cooperation, the exchange of experience in video format was held between the MCGF and the State Mortgage Company of the Kyrgyz Republic. The officials of the Fund and the Kyrgyz Mortgage Company, as well as representatives of the Kyrgyz Embassy to Azerbaijan participated at meeting.
During the meeting, the Kyrgyz delegation was firstly informed of Armenia's policy of aggression against Azerbaijan for nearly 30 years, including the military provocations of the enemy since September 27, 2020 and the counter-offensive operations of the Azerbaijani army on its territory. It was noted that due to the current situation in Azerbaijan, a partial military mobilization has been announced and dozens of strategic heights, a large number of settlements and villages have already been liberated from enemy's occupation. At the same time, it was noted that the Armenian armed forces fired rockets at the civilian population of Azerbaijan and damaged civilian facilities. It was noted that the international community should strongly condemn Armenia for its terrorist acts and call on it to refrain from such activities. In its turn, the other side reiterated that the true voice of Azerbaijan is supported by the brotherly Kyrgyz people in recognizing the territorial integrity of our country.
Within the framework of the exchange of experience, the other side was informed in detail about the Fund's activities, in particular, the terms of mortgage loans, the rules of issuing guarantees for mortgage loans, as well as the "Electronic Mortgage and Credit Guarantee System". It was noted that the existing electronic system is based on the most modern technological platform and has been integrated into other new operating systems implemented by the Fund.
It should be noted that the State Mortgage Company was established in 2015 at the initiative of the Government of the Kyrgyz Republic in order to increase access to housing and solve the problem of housing.