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Azerbaijani Central Bank, WB follow up joint project to upgrade financial sector

BAKU, Azerbaijan, September 28. The Central Bank of Azerbaijan (CBA) and the World Bank (WB) are jointly implementing "Financial Sector Modernization Project 3", TurkicWorld reports.

According to CBA, in order to determine the scope of the project and refine its directions, a WB expert mission will visit Baku in the last week of September this year for relevant meetings.

The main goal of the project is to strengthen the supervision and regulation of the financial sector, support the implementation of the state program for financial accessibility, and provide support to the CBA in monitoring the financial sector.

The previous meeting between representatives of the CBA and the WB discussed current cooperation and future directions for technical assistance.

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