Azerbaijan Explores ADB Cooperation in Financial Sector

Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, announced on his X page that the prospects for the Asian Development Bank's (ADB) involvement in Azerbaijan's financial sector have been evaluated.

A meeting was held with a delegation led by the ADB Executive Director Rachel Thompson at the CBA, The Caspian Post reports citing Trend.

Meanwhile, the meeting also featured a detailed exchange of views on the challenges facing the global economy, the economic situation and development trends in the country, monetary policy, improving the supervisory and regulatory framework in the insurance sector, and the sector's potential.

"During the meeting, we discussed the possibilities of future cooperation between the Central Bank and the ADB, as well as the prospects for the ADB to participate in the country's financial sector," the chairman added.