Bank Of Baku

Taleh Kazimov reveals implementation level of financial sector development strategy

Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov

© APA | Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov

# 16 October 2026 18:36 (UTC +04:00)

The implementation level of Azerbaijan’s “Financial Sector Development Strategy for 2024–2026” stood at 85.6% in 2025, Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said in an interview with Global Finance magazine, APA-Economics reports.

According to him, the implementation level of the strategy was 81.8% in 2024. Thus, last year, this indicator increased by 3.8 percentage points compared with the previous year.

Kazimov noted that the strategy was developed on the basis of measurable priorities across all key segments of the financial sector, and the publication of annual reports on its implementation is envisaged.

The CBA chairman said that within the framework of the strategy, important steps have been taken to improve the transmission of monetary policy through the interest rate channel, strengthen the stability of the financial sector, modernize payment infrastructure, promote digital financial innovations and implement the green taxonomy.

“A strategy whose implementation is not measured and assessed externally ultimately focuses on the measures that are easiest to implement,” Taleh Kazimov emphasized.

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