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From 4 to 11 July, the NATO International School of Azerbaijan (NISA) brought together in Baku young politicians, researchers and academics, as well as NGO, government and media representatives to discuss financial security.

The participants examined the security of financial institutions, the new economic world order and the role of international organizations. They also debated ways of preventing money laundering and the financing of terrorism and organized crime.

During plenary sessions, working groups and roundtables, participants raised critical questions with invited experts and governmental officials. A simulation game emphasized practical implications of financial security issues and a social event enabled participants to build up their networks in the field of security.

NISA, a non-profit research, education, and information and training centre that focuses on Euro-Atlantic security and integration, has held a summer session since 2003. Supported by the Government of Azerbaijan and NATO’s Public Diplomacy Division, the centre initially only took in local participants, but quickly evolved into an international institution. Participants now come from NATO member states, as well as Partnership for Peace, Mediterranean Dialogue and Istanbul Cooperation Initiative countries.

The centre works to promote relations between NATO and Azerbaijan including the goals and objectives of the country’s Individual Partnership Action Plan (IPAP). Azerbaijan’s IPAP, signed in August 2005, lays out an agreed programme for cooperation between the country and NATO, including on democratic, institutional and defence reforms.