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The comparative analysis of agricultural financial systems in Poland and Azerbaijan

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Danilowska A., Ismayilov A., Aliyev K.

Acta Scientiarum Polonorum. Oeconomia

2014

tom 13

nr 3

This paper makes a comparative analysis of agricultural fi nancial systems in Poland and Azerbaijan. Poland as a member the of EU has developed its system under Common Agricultural Policy of the EU and so-called domestic support. The system is consisted of fi nancial intermediaries, state agencies (ARMA, AMA), instruments (preferential credits, and subsidies) and regulations. In comparison, Azerbaijan’s agricultural fi nancial system is mainly based on support by state agencies. Thus, share of agriculture credits in portfolio of banks and non-bank credit organizations is very small. Azerbaijan state agencies use instruments such as preferential credits, direct and indirect subsidies, and technological support. However, there are serious challenges which make agricultural fi nancial system and the support less effective. It is concluded that Azerbaijan should benefi t from good experiences of Poland in order to make the system more effective.

Ograniczanie wyników

1 Acta Scientiarum Polonorum. Oeconomia

1 Aliyev K.

1 Danilowska A.

1 Ismayilov A.

1 2014

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The comparative analysis of agricultural financial systems in Poland and Azerbaijan