Citizen welfare remains the central focus of the state’s socio-economic policy. As developing countries face increasing global competitiveness, the standard of living of their citizens is inevitably affected. Among the most competitive sectors within these economies is the real estate market. In Azerbaijan, a significant trend observed across developing nations—the migration from rural regions to urban centers—poses a major challenge for the capital, Baku.

Additional factors, including business development and investment attraction, further contribute to the rise in land and housing prices in the city. This situation raises a critical question: how can young families, particularly those not employed in high-paying sectors, secure adequate housing? It is precisely in this context that the socio-economic reforms implemented by the state play a pivotal role, aiming to ensure accessible and sustainable housing opportunities for all citizens.

In response, the government has implemented targeted socio-economic reforms, with citizen welfare at the forefront of its agenda. Among these initiatives, the Mortgage and Credit Guarantee Fund (MCGF) plays a central role, providing subsidized mortgages and supporting small and medium-sized enterprises (SMEs) to foster broader economic development.

In this context, Fitch Ratings recently affirmed MCGF’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at........

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