CBA Discusses Country Partnership Framework With WB
Date
6/29/2024 10:17:59 PM
(MENAFN- AzerNews)
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Ulviyya Shahin
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Chairman of the Central bank of Azerbaijan (CBA), Taleh Kazimov,
met with a delegation led by Roland Price, Regional Director of the
World Bank (WB) for the South Caucasus, Azernews
reports citing CBA.
During the meeting, they discussed prospective projects and
initiatives being implemented in our country within the framework
of cooperation with the World Bank.
Important issues on the agenda included the preparation process
for the new Country Partnership Framework, which is expected to
positively contribute to the reforms being implemented by the World
Bank in Azerbaijan.
The meeting underscores the importance of international
cooperation and partnership in supporting Azerbaijan's economic
development and achieving sustainable growth.
The Central Bank of Azerbaijan (CBA) plays a crucial role in
maintaining financial stability and overseeing monetary policy in
the country. Its initiatives are aimed at promoting sustainable
economic growth, reducing inflation, and ensuring the stability of
the national currency, the Azerbaijani manat.
The World Bank (WB) is a global financial institution that
provides loans and grants to the governments of developing
countries for development projects. In Azerbaijan, the World Bank
has been involved in various projects and initiatives to support
economic diversification, infrastructure development, social
services improvement, and reforms in governance and public
administration.
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