BAKU, Azerbaijan, October 29. The Central Bank
of Azerbaijan (CBA) is nearing completion of its financial sector
development strategy for 2027–2030, governor of the Central Bank of
Azerbaijan (CBA) Taleh Kazimov said, Trend's correspondent reports from the
event.
He made the remarks at a press conference on Thursday following
a meeting on the parameters of the interest rate corridor.
“The development of the financial sector strategy for 2027–2030
is almost complete. We will present it to you in the coming period
and report annually on its implementation,” Kazimov said.
He also provided an update on the implementation of the current
financial sector development strategy for 2022–2026.
“We have implemented approximately 85% of the targets and
initiatives we set. I believe this is a good result, but as a team,
we want that figure to be higher,” the CBA governor noted.
According to him, a comprehensive report on the strategy’s
implementation in 2026 will be presented in the first quarter of
next year.
“We will report to you in the first quarter of next year on how
the strategy was implemented in 2026, where we encountered
difficulties and where we achieved success. Over the past three to
four years, our approach to communication has changed completely.
We will share both our successes and our failures with you,”
Kazimov added.
