Mission of the International Monetary Fund (IMF), which is now in Baku, discussed the current situation in the banking sector with leading Azerbaijani banks, head of the Azerbaijan Banks Association (ABA) Zakir Nuriyev reported.
The sides discussed the decisions made by the regulator – Azerbaijan’s Financial Market Supervisory Authority – on stabilization of the situation in the banking sector and the impact of these decisions.
“No specific proposals were made by the IMF mission. We mulled the impact of the reforms being implemented in the sector, as well as plans of the banks for further development,” Nuriyev said. (Trend/Business World Magazine)
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