ECONOMY


Azerbaijan, World Bank discuss action plan for reforms in field of banking supervision

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Baku, November 7, AZERTAC

The Financial Markets Supervision Chamber of Azerbaijan and the World Bank (WB) have discussed an action plan for reforms in the field of banking supervision.

During the meeting, chairman of the Board of Directors of Azerbaijan’s Financial Markets Supervision Chamber Rufat Aslanli and WB private and financial development sector leader Angela Prigozhina also exchanged views over the issue of non-performing loans and deposit insurance.

The sides underlined the challenges ahead within the framework of ensuring financial stability and the corresponding action plan covering the reforms in the spheres of supervision, regulation and law.

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