IMF Experts Review Risk Management at Azerbaijan’s Central Bank

Baku:Experts from the International Monetary Fund (IMF) conducted a technical assistance mission to the Central Bank of Azerbaijan. The mission's objective was to review various aspects of the bank's operations, including strategic planning, the identification and assessment of strategic risks, and the mechanisms for risk management decision-making.

According to Azerbaijan State News Agency, the mission evaluated the current approaches of the Central Bank and made recommendations for improvement. These suggestions were based on the analysis conducted during the mission and were aligned with international best practices.

At the conclusion of the visit, the IMF delegation met with Central Bank Deputy Governors Gular Pashayeva and Ali Ahmadov, along with department directors. During this meeting, they presented their key findings and discussed methods to enhance strategic management, risk management, and the implementation and monitoring of strategies.