The Central Bank of Azerbaijan and the Swiss National Bank discussed cooperation prospects – 2024-07-08 10:22:01

by times news cr

2024-07-08 10:22:01

The Central Bank of Azerbaijan (CBA) and the Swiss National Bank discussed cooperation prospects

This was stated in a post by the Chairman of the Central Bank of the Russian Federation Taleh Kazimov on the social network H., as reported by Day.Az on Tuesday.

The publication notes that a bilateral meeting was held with the Chairman of the Board of Governors of the Swiss National Bank, Thomas Jordan.

“During the meeting, we discussed the current situation and prospects for cooperation between the central banks of the two countries,” wrote Taleh Kazimov.

Kazimov emphasized Jordan’s significant contribution to strengthening cooperation between institutions, as well as developing strong partnerships between the constituent countries of the World Bank and the International Monetary Fund.

It should be noted that the delegation of the Central Bank of Azerbaijan is currently in Tajikistan and has already held a meeting with the management of the National Bank of Tajikistan.

During the meeting, the parties discussed the development of bilateral cooperation, confirmed by the signing of memorandums of cooperation.

The heads of the banks also exchanged views on expanding cooperation in the banking sector and expressed their readiness to make every effort to achieve a new qualitative level of interaction.

It was noted that the creation of favorable conditions for opening banks or representative offices of banks in Azerbaijan, expansion of correspondent relations between commercial banks of the two countries, exchange of experience in the field of banking supervision and insurance, development of the capital market and implementation of international financial reporting standards are the next tasks of bilateral relations.

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