Hamid Mikayilov owns Girkhbulag Trout Farm, located just outside the city of Sheki, in rural Azerbaijan. Over 40 percent of the country's population makes its livelihood from agribusiness, yet agriculture comprises only 6 percent of its GDP.
The Central Bank of Azerbaijan is working hard to modernize the country's financial sector. In 2009, an important milestone was achieved when USAID assisted it in drafting legislation that met international standards in combatting serious financial crime. The Anti-Money Laundering and Combating the Financing of Terrorism bill was successfully passed and established a Financial Monitoring Service (FMS) that was charged with enforcing the new financial sector requirements.
Last updated: January 26, 2015