IMF mission kicks off consultations with Azerbaijan on financial sector strengthening

The Central Bank of Azerbaijan (CBA) and the International Monetary Fund (IMF) mission have engaged in discussions regarding the implementation of the Financial Sector Assessment project.

Taleh Kazimov, Chairman of the CBA, made a post on his X account, saying that the meeting with Anna Bordon, mission head of the International Monetary Fund for Azerbaijan, the Middle East, and Central Asia, covered several key topics, Caliber.Az reports.

We met with Anna Bordon, head of the International Monetary Fund (@IMFNews ) mission for Azerbaijan, the Middle East, and Central Asia, at the Central Bank.

During the meeting, we engaged in a comprehensive discussion on Azerbaijan's #macroeconomic situation, medium-term… pic.twitter.com/QCn1rqpJcs

— Taleh Kazimov (@TalehKazimov_T) January 23, 2025

“We met with Anna Bordon, head of the International Monetary Fund mission for Azerbaijan, the Middle East, and Central Asia, at the Central Bank.

During the meeting, we engaged in a comprehensive discussion on Azerbaijan's macroeconomic situation, medium-term expectations and forecasts, monetary policy reforms and decisions, as well as the policy framework for financial sector stability. Additionally, we reviewed the implementation of the FSAP recommendations.

We also exchanged views on further enhancing the transmission of monetary policy and advancing the development of the financial sector,” the post by Kazimov read.

The IMF mission, led by Bordon, began its consultations with Azerbaijani authorities under Article IV on January 22. These consultations, which are expected to run until February 5, will further explore the implementation of financial reforms and the continued strengthening of the country's financial sector.

By Vafa Guliyeva