Tuesday, 02 January 2024 12:17 GMT

Azerbaijan Reveals Implementation Progress Of Financial Sector Development Strategy


(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 27. The Central Bank of Azerbaijan (CBA) has announced that the“Financial Sector Development Strategy” for 2024-2026 was implemented at 85.6% in 2025, Trend reports, citing the bank.

During the reporting period, implementation across key sectors stood at 86.3% in the banking sector, 80% in the insurance sector, 84.6% in capital markets, 86.5% in the payments sector, 84.7% in digital finance, 100% in sustainable finance, and 85.7% in professional development and financial literacy.

Moreover, 14.4% of the planned measures under the strategy experienced delays in execution during 2025.

Delays by sector amounted to 13.7% in banking, 20% in insurance, 15.4% in capital markets, 13.5% in payments, 15.3% in digital finance, and 14.3% in professional development and financial literacy.

MENAFN27042026000187011040ID1111037495



Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search