Azerbaijan, Saudi Arabia explore innovation in banking sector at AlUla conference

Governor of the Central Bank of Azerbaijan Taleh Kazimov and Assistant Governor for Monetary Affairs at the Saudi Central Bank Talal Al-Humoud have discussed the implementation of innovative technologies in the banking sector.

“As part of our participation in AlUlaCEME2025 [AlUla Conference for Emerging Market Economies], we met with H.E. Talal Al-Humoud, Assistant Governor for Monetary Affairs at the Saudi Central Bank. During the meeting, we exchanged views on enhancing the effectiveness of monetary policy transmission and expanding the use of innovative technologies. Additionally, we discussed prospects for further deepening cooperation through strengthened exchange of expertise and experience between our institutions,” Caliber.Az reports via Kazimov’s message on X.

As part of our participation in #AlUlaCEME2025, we met with H.E. Talal Al-Humoud, Assistant Governor for Monetary Affairs at the Saudi Central Bank

During the meeting, we exchanged views on enhancing the effectiveness of monetary policy transmission and expanding the use of… pic.twitter.com/mBIav5nwFF

— Taleh Kazimov (@TalehKazimov_T) February 18, 2025

Earlier, Governors of the Central Bank of Azerbaijan and Qatar Taleh Kazimov and Bandar Bin Mohammed Bin Saoud Al Thani discussed deepening cooperation. 

“At the margins of the AlUlaCEME [AlUla Conference for Emerging Market Economies] we had the pleasure of meeting the Governor of the Qatar Central Bank, H.E. Sheikh Bandar Bin Mohammed Bin Saoud Al Thani. Our discussion focused on the state of current cooperation between the central banks and opportunities to deepen cooperation as well as exchange of information and the expertise,” Kazimov wrote.

The AlUla Conference for Emerging Market Economies is an annual economic policy conference, held in AlUla, Saudi Arabia, organised by the Ministry of Finance of Saudi Arabia and the IMF Regional Office in Riyadh. The conference convened a select group of emerging markets’ ministers of finance, central bank governors, and policymakers, as well as public and private sector leaders, international institutions, and academia. It offered a unique platform to exchange views on domestic, regional, and global economic developments and discuss policies and reforms to spur inclusive prosperity and build resilience supported by strong international cooperation.

By Naila Huseynova