Central Bank of Azerbaijan, EBRD discuss future cooperation prospects

Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov has held a meeting with Managing Director of the European Bank for Reconstruction and Development (EBRD) for Türkiye and the Caucasus Elisabetta Falcetti. 

The meeting covered subjects including the sustainable development of the financial sector, Caliber.Az reports, citing the CBA.

During the meeting, discussions focused on sustainable development in the financial sector, the CBA’s strategic plans for sector growth, expanding access to financing for the real economy, and opportunities for the EBRD to support initiatives related to the “green transition”, the message says.

The meeting also covered the current cooperation between the CBA and the EBRD, as well as future prospects for their collaboration. 

The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991 to support the development of market-oriented economies and promote private and entrepreneurial initiative. Its primary focus is on fostering economic development and transition in countries across Europe, Central Asia, and the Mediterranean region.

The Central Bank of Azerbaijan (CBA) is responsible for implementing the country's monetary policy, ensuring financial stability, and regulating the banking sector. Established in 1992, the CBA plays a crucial role in shaping Azerbaijan's economic landscape.