Azerbaijan's Central Bank unveils comprehensive financial sector development strategy

Azernews.Az

17 February 2025 08:30 (UTC+04:00)

Nazrin Abdul

The Central Bank of Azerbaijan (CBA) has laid out a comprehensive framework for the development of the country's financial sector from 2024 to 2026. This strategy, approved early last year, aims to strengthen the stability, efficiency, and inclusiveness of Azerbaijan's financial ecosystem, while positioning it for long-term growth and resilience. The strategy also acknowledges the current situation and the gap that exists between Azerbaijan's financial market potential and its present state. For instance, the calculated insurance premiums per capita are currently at 121 AZN, while the target is 195 AZN.

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