Baku: Shahin Mahmudzade, Executive Director of the Central Bank of Azerbaijan (CBA), attended the second meeting of the Turkic Green Finance Council, a forum established by member states of the Organization of Turkic States to promote cooperation on sustainable finance, in Astana, Kazakhstan. Mahmudzade outlined initiatives underway in Azerbaijan to expand green finance and emphasized the importance of regional cooperation in building the necessary infrastructure and capacity to support the sector.

According to Azerbaijan State News Agency, representatives at the meeting discussed strategies to expand green and sustainable finance across the Organization of Turkic States. The discussions included measures to promote nature-based solutions and strengthen regional cooperation. The meeting concluded with the signing of a communiqu©, which outlined plans to broaden the council's areas of work.

Azerbaijan's Central Bank joined the Turkic Green Finance Council in 2024. The Council aims to advise member institutions on advancing green and sustainable finance and encouraging investment that considers environmental, social, and governance (ESG) factors, the bank announced on X.