BAKU, Azerbaijan, February 5. The Central Bank
of Azerbaijan (CBA) held a regular meeting of the Macroeconomic
Stability Working Group on February 3, Trend reports, citing the
CBA.
The meeting reviewed detailed information on the monitoring and
evaluation results for 15 measures approved for 2025 within the
framework of three areas of activity under the “Resilience to
Internal and External Shocks Objective.”
In addition, extensive discussions were held with members of the
working group and the responsible staff of the Central Bank to
further enhance the effectiveness of the measures being
implemented, and the next steps were identified.
The bank's First Deputy Chairman and Head of the Working Group,
Aliyar Mammadyarov, provided information on the results achieved
and initiatives implemented by the CBA within the framework of the
strategy under the “Resilience to Internal and External Shocks
Objective.” Subsequently, a representative of the Center for
Analysis of Economic Reforms and Communication presented a report
on the monitoring and evaluation results related to the
implementation of measures envisaged for 2025 under this objective,
followed by discussions in this direction.
The meeting was attended by representatives of the Central Bank,
the Ministry of Economy, the Ministry of Finance, the Ministry of
Labor and Social Protection of the Population, the Ministry of
Justice, the Center for Analysis of Economic Reforms and
Communication, the State Oil Fund of the Republic of Azerbaijan
(SOFAZ), the Mortgage and Credit Guarantee Fund (MCGF), the Deposit
Insurance Fund, and the Agrarian Insurance Fund.
The Macroeconomic Stability Working Group was established by a
Resolution of the Cabinet of Ministers dated June 12, 2023, to
ensure the implementation of measures envisaged in the
“Socio-Economic Development Strategy of the Republic of Azerbaijan
for 2022-2026” and to coordinate the activities of relevant state
bodies.
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