BAKU, Azerbaijan, August 28. The central banks
of Azerbaijan and Uzbekistan held discussions on the development of
financial technologies.
This was announced by the press service of the Central Bank of
Azerbaijan (CBA).
According to the information, Central Bank Deputy Chairman Vusal
Khalilov met with First Deputy Chairman of the Central Bank of
Uzbekistan Nodirbek Saydullaev as part of a working visit to the
Republic of Uzbekistan.
During the meeting, the parties discussed current approaches and
prospects for creating an innovative financial ecosystem and
developing financial technologies, as well as expanding access to
funding sources for organizations specializing in this field.
The parties also exchanged views on deepening opportunities for
institutional cooperation.
The expansion of ties between Azerbaijan and Uzbekistan in the
financial sector is also continuing at the level of businesses and
banking institutions. Aziza Normurodova, Product Marketing Manager
at Hamkorbank, told Trend at the “Silk Road Finance & Technology” forum
that representatives of the two countries’ financial sectors are
exchanging experiences through international platforms and
discussing future areas of cooperation.
“Currently, Uzbekistan, like other Eurasian countries, such as
Azerbaijan, is increasingly developing its banking sector. It is
very important to meet at such platforms and discuss the challenges
and opportunities for the development of the financial sector,”
Normurodova said.
According to her, the participation of Azerbaijani
representatives in events dedicated to Uzbekistan’s financial
sector creates additional opportunities to discuss pressing issues
and establish professional contacts.
“This interaction allows representatives of the financial sector
to exchange practical experience and discuss future areas of
cooperation,” she noted.
Normurodova emphasized that the financial sector plays an
important role in the economic development of countries.
“The financial sector is a key indicator of economic
development. It is important to build bilateral relations between
Eurasian countries so that we can understand where we need to go
and how we can develop these bilateral relations,” she said.
She also noted the importance of international events that bring
together representatives from Central Asian and Eurasian countries
in terms of establishing new professional and business
connections.
“When countries come together on a single platform and openly
share their experiences, it lays the foundation for new
professional and business connections. As a result, such
connections contribute to the further development of financial
cooperation among countries,” Normurodova added.
