BAKU, Azerbaijan, October 22. A conference
titled “Digital Finance Ecosystem: A New Stage in Governance” is
being held on October 22, Trend's correspondent reports from the event.
The event is organized by the Public Council under Azerbaijan's
Ministry of Finance, with the Association of Professional Financial
Managers of Azerbaijan (APFM) as its official partner and support
from the Ministry of Finance.
The conference brings together representatives of government
agencies, the private sector and civil society organizations, as
well as professional accountants. Discussions focus on the digital
transformation of public finance and its development prospects,
effective financial data management, and modern approaches to
strengthening transparency and accountability.
Two panel sessions are being held as part of the conference:
“Digitalization of Public Finance: Inter-System Integration and a
New Governance Model” and “Ensuring Resilience in Public Finance
Data Management.”
The panel discussions address the transition to a unified
digital public finance management model, expanded system
integration, the development of national digital infrastructure,
the digitalization of fiscal policy, digital payment
infrastructure, and the creation of a secure and flexible
settlement environment for public financial transactions.
Participants are also exchanging views on strengthening public
trust in the digital finance ecosystem, applying data-driven
auditing and analytical approaches to assess the efficiency of
public spending, transitioning to results-oriented fiscal policy,
improving databases used in public procurement, assessing
competition and identifying risk indicators.
Other topics include the analysis of financial transactions and
early detection of risks, establishing a reliable data ecosystem
for public finance, and the role of professional accountants in
this process.
Will be updated
