Baku: The Central Bank of Azerbaijan (CBA) regards the European Bank for Reconstruction and Development (EBRD) bond issuance as a significant step towards enhancing monetary transmission in the market, stated Tarlan Rasulov, the CBA's General Director, during the 'Opening Bell' event associated with the bond placement.

According to Azeri-Press News Agency, Rasulov emphasized that this development indicates increased transparency for investors and improved management of interest rates. He mentioned that large-scale reforms are ongoing in the capital markets, and these initiatives will be integrated into the 2030 strategy. The focus on capital market development is a priority for the CBA. The EBRD bond issuance not only demonstrates confidence in the financial markets but also in the Azerbaijani economy, serving as an experience for the CBA and ensuring compliance with international standards.