EBRD Ready To Share Its Experience With Azerbaijan In Boosting Control Over Payments - Official
Date
5/17/2022 7:54:00 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 17 . European bank for
Reconstruction and Development (EBRD) is ready to share its
experience with Azerbaijan in the field of boosting control over
payments, the head of the EBRD representative office Kamola
Makhmudova said at the EU-Azerbaijan business forum in Baku on May
17, Trend reports.
According to Makhmudova, reforms in the banking sector should be
aimed at strengthening control of overpayments.
'The cooperation of the EBRD with the state structures of
Azerbaijan in this direction is an important element. We are ready
to share our experience with banks and the regulator within these
works,' she noted.
The EBRD office head also noted that the growth of the
Azerbaijani economy and the investment potential of the country
creates an opportunity to increase foreign direct investment.
According to her, this is facilitated by the reforms carried out
in recent years and the increase in the loan portfolio.
'The Central Bank of Azerbaijan is carrying out work
contributing to the growth of the economy, employment, and the use
of preferential mortgages,” Makhmudova further said. It's also
necessary to note the leading role of the regulator in the field of
social security of the population during the COVID-19
pandemic.”
She added that the economic zones being created in Azerbaijan,
including those ones in the territories liberated from Armenian
occupation [in the 2020 second Karabakh war], also contribute to
the growth of foreign direct investments.
Tags:
- Business Forum
- European Bank for Reconstruction and Development (EBRD)
- payments
- Azerbaijan-EU
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