Azerbaijan Discusses COP29-Bound Planned Actions Of Financial Sector
Date
11/5/2024 5:12:03 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 5. The financial
sector's planned initiatives for COP29 have been deliberated in
Azerbaijan, Taleh Kazimov, Governor of the country's central bank,
wrote on his X page, Trend reports.
He stated that an additional meeting concerning the issue was
conducted with the executives of banks within the broader Presidium
of the Azerbaijan Banks Association.
"During the meeting, we reviewed the banking sector's results
for the third quarter and discussed medium-term goals. Topics of
discussion included the current macroeconomic situation, recent
economic indicators, their impact on the financial sector, and
feedback from the sector representatives.
Additionally, we addressed COP29 related topics, focusing on the
broader challenges facing the financial sector and outlining
planned actions," the official added.
In just less than a week's time, the 29th session of the
Conference of the Parties to the UN Framework Convention on Climate
Change (COP29) will be kicking off in Azerbaijan, the decision of
which was made at the plenary meeting of COP28 held in Dubai in
December last year.
The UN Framework Convention on Climate Change is an agreement
signed at the Earth Summit in Rio de Janeiro in June 1992 to
prevent dangerous human interference in the climate system. The
abbreviation COP (Conference of Parties) means“Conference of
Parties” and is the highest legislative body overseeing the
implementation of the Framework Convention on Climate Change.
A total of 198 countries are parties to the Convention. Unless
otherwise decided by the parties, COP is held annually. The first
COP event was held in March 1995 in Germany's Berlin with its
secretariat in Bonn.
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