Financial Sector To Become Major Driver Of Azerbaijan's Economic Development - Official

10/18/2024 12:00:08 AM

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 18. The financial sector will become the main engine of development of Azerbaijan's economy, Azerbaijani Minister of Ecology and Natural Resources, COP29 president-designate Mukhtar Babayev said at the forum titled “Green finance and sustainable development” in Baku today, reports.

“Without financing, we cannot achieve anything, and this year we have clearly seen how important financial resources are. Almost all issues start with financing. Everyone in the world already understands this, and a lot is expected from the financial sector,” he said.

According to him, further economic growth and the direction in which our economy will develop will largely depend on the banking sector.

“The financial sector will be the main driver of this work. We have high expectations from banks and financial institutions in terms of creative and diverse offerings. Developing these instruments in their mixed forms, introducing them to the market, making new offers for businesses, and presenting them to government institutions will create a great agenda for us," he added.

Will be updated

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