Azerbaijan, IMF mull improving financial stability

The Central Bank of Azerbaijan (CBA) and the International Monetary Fund (IMF) have discussed measures to enhance financial stability, CBA Governor Taleh Kazimov wrote on X, Report informs.

"We participated in a meeting attended by central bank governors and finance ministers from the Caucasus and Central Asia region, held within the framework of the Annual Meetings 2024 of the World Bank and the International Monetary Fund. Initiated by IMF DMD Bo Li, the discussions emphasized the importance of expanding financial inclusion and advancing financial development across the region. In our remarks, we highlighted the potential support from the Fund and other international financial institutions, particularly in areas such as capacity development, policy advisory, peer-to-peer coordination, and additional initiatives to foster financial inclusion," he wrote.