Azerbaijan studies South Korea's digital finance practices

A delegation from Azerbaijan's Ministry of Finance visited Seoul, the capital of South Korea, to participate in seminars and training sessions aimed at learning international practices in digital public finance management and applying advanced technological solutions, Report informs, citing the ministry.

The event focused on strengthening technical capacity in Integrated Financial Management Systems (IFMIS), studying modern digital treasury solutions, exploring the functional capabilities of the advanced dBrain+ platform, and preparing technical advisory projects. Participants also exchanged views on international practices and innovative technological approaches in digitalizing public financial control and treasury processes.

It was highlighted that, within the framework of cooperation between the two countries in digital public finance management, South Korea will support Azerbaijan this year in creating a new-generation treasury information system and in implementing the e-Control information system to digitalize financial oversight services. These initiatives aim to enhance transparency in public finance management, strengthen control mechanisms, and expand opportunities for swift decision-making.

The Ministry of Finance considers this initiative an important step toward modernizing the public finance management system, accelerating digital transformation, and strengthening institutional capacity.