The President of the Board of Directors of the Financial Markets Supervision House (FMSH) Rufat Aslanli discussed the WB recommendations on the financial stability in Azerbaijan with the Chief Specialist of the World Bank Angela Prigogine on November 4. As Turan was told in the FMSH press service, the main subject of the discussion was the action plan for reforms in the field of banking supervision, including deposit insurance and solving problems on non-performing loans.
The action plan also includes areas of legal, regulatory and supervisory framework of the financial market in Azerbaijan. -----08D
Economics
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
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Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
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Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
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