National Depository BSE Baku Stock Exchange NDC Center Operational Risk CAS Country Assistance Strategy ORAF Assessment Capital Markets Modernization CMMP Project Framework Project Appraisal CPS Country Partnership Strategy PAD Document European Bank for Project Information EBRD Reconstruction and Document PID Project Development PIU Implementation Unit Project Operation ECA Europe and Central Asia POM Manual EU European PQ Prequalification Financial Sector Reform and Public-Private Strengthening PPP Partnerships Regional Vice Initiative RVP President Financial Markets Supervision Standard Bidding FSMA Authority of SBD Documents Committee for the Republic of Azerbaijan SCS Securities Swiss State Secretariat GDP Domestic Product SECO for International Bank for IBRD Reconstruction and Economic Affairs United States Agency Development USAID for Implementation Completion and International ICR Results Development Report WBT World Bank Treasury Individual Consultant Single IC SSS Source Selection International Development IDA Association International Finance IFC Corporation ISDS Integrated Safeguard Data Sheet LAP Listing Advisory Program Context of the project initiation phase: Economic reforms which were implemented in the Republic of Azerbaijan during the recent years determined the economic system functioning on the basis of free market relations. Fundamental institutions of the market economy, including, legislative framework fixing new economic relations, public institutions regulating such relations and private entrepreneurs, which are the main subjects of new economic systems have been formed. During this period price and exchange rate policy had been liberalized, large scale privatization program implemented and favorable environment for the
BSE Baku Stock Exchange NDC National Depository Center CAS Country Assistance Strategy ORAF Operational Risk Assessment CMMP Capital Markets Modernization Project Framework CPS Country Partnership Strategy PAD Project Appraisal Document EBRD European Bank for Reconstruction and PID Project Information Document Development PIU Project Implementation Unit ECA Europe and Central Asia POM Project Operation Manual EU European PQ Prequalification Financial Sector Reform and Strengthening PPP Public-Private Partnerships Initiative RVP Regional Vice President FSMA Financial Markets Supervision Authority of SBD Standard Bidding Documents the Republic of Azerbaijan SCS Committee for Securities GDP Domestic Product SECO Swiss State Secretariat for IBRD International Bank for Reconstruction and Economic Affairs Development USAID United States Agency for ICR Implementation Completion and Results International Development Report WBT World Bank Treasury IC SSS Individual Consultant Single Source Selection IDA International Development Association IFC International Finance Corporation ISDS Integrated Safeguard Data Sheet LAP Listing Advisory Program Context of the project initiation phase: Economic reforms which were implemented in the Republic of Azerbaijan during the recent years determined the economic system functioning on the basis of free market relations. Fundamental institutions of the market economy, including, legislative framework fixing new economic relations, public institutions regulating such relations and private entrepreneurs, which are the main subjects of new economic systems have been formed. During this period price and exchange rate policy had been liberalized, large scale privatization program implemented and favorable environment for the
Implementation-Completion-and-Results-Report-Capital-Markets-Modernization-Project-P120321-cleared-01312017.docx