Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Azerbaijan suspends cooperation with USAID, foreign minister says

    Published by Global Banking and Finance Review

    Posted on January 16, 2025

    Featured image for article about Headlines

    BAKU (Reuters) - Azerbaijan has refused to renew its cooperation agreement with The United States Agency for International Development (USAID), Foreign Minister Jeyhun Bayramov said on Thursday, accusing Washington of using USAID to pursue its political agenda.

    Bayramov, who was speaking at a news conference with his Georgian counterpart, said that Baku had suspended cooperation with USAID in June 2024.

    USAID was not immediately available for comment.

    Azerbaijan began criticising USAID in late 2023 after Samantha Power, the agency's head, said that Azerbaijan's military operation to return its breakaway region of Nagorno-Karabakh had "forced more than a hundred thousand people to leave their homes and move into neighbouring Armenia."

    In response to Power's statement, Hikmet Hajiyev, a foreign policy adviser to President Ilham Aliyev, said that USAID "has no place in Azerbaijan anymore."

    USAID describes itself as the U.S. government agency which leads international development and humanitarian assistance efforts to partner countries. On its website it says its mission is also to "promote and demonstrate democratic values abroad, and advance a free, peaceful, and prosperous world" in support of American foreign policy.

    Azerbaijan is not the first country in the post-Soviet space to stop cooperation with USAID.

    In 2012, the agency's activities were halted in Russia, and in 2023, Abkhazia, a Russia-backed breakaway region of Georgia withdrew from USAID projects.

    (Reporting by Nailia Bagirova; Editing by Andrew Osborn)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe