US Treasury Department can support ADIF projects

Azerbaijan Deposit Insurance Fund (ADIF) and the US Treasury Department held a business meeting in a video format, Report informs, citing the fund.

Issues of establishing mutual relations, as well as the provision of relevant assistance, including technical support, to the new projects planned by the fund were discussed at the meeting, the report adds.

In addition, the parties touched upon fundamental issues such as the fund's transition to a risk-based insurance model, the formation of a methodology for calculating reserves against insurance losses, the creation of a centralized deposit register, the development of a legal framework for the institution, and support for liquidity management.

To recap, both parties highly valued the formation of mutual relations and came to the conclusion that such meetings should be held more often.