BAKU, Azerbaijan, October 20. A conference
titled “Digital Finance Ecosystem: A New Stage in Governance” is
scheduled to take place in Baku on October 22.
According to the Ministry of Finance, the event will be
organized by the Public Council under the Ministry of Finance of
Azerbaijan, in partnership with the Azerbaijan Association of
Professional Financial Managers and with the support of the
Ministry of Finance.
The conference will bring together representatives of government
agencies, the private sector and civil society organizations,
alongside professional accountants. Discussions will examine the
digital transformation of public finance and its future
development, the effective management of financial data, and
contemporary approaches to enhancing transparency and
accountability.
The program will feature two panel sessions: “Digitalization of
Public Finance: Inter-System Integration and a New Governance
Model” and “Ensuring Resilience in Public Finance Data
Management.”
The sessions will address the transition to an integrated
digital governance model for public finance, greater
interoperability between systems, the development of national
digital infrastructure, the digitalization of fiscal policy, and
the establishment of a secure and adaptable environment for digital
payments and public financial transactions.
Participants will also discuss ways to strengthen public trust
in the digital finance ecosystem, apply data-driven auditing and
analytical methods to evaluate the efficiency of public spending,
advance results-oriented fiscal policy, improve databases used in
public procurement, assess competition, and identify risk
indicators.
Further topics will include the analysis of financial
transactions, early risk detection, the development of a reliable
public finance data ecosystem, and the role of professional
accountants in supporting these processes.
