Ulaanbaatar:Azerbaijan’s Central Bank delegation actively participated in the international conference of the Capital Market Development Forum (CMDF) of the Central Asia Regional Economic Cooperation (CAREC) Program, held in Ulaanbaatar, Mongolia. The event was supported by the Asian Development Bank (ADB).
According to Azerbaijan State News Agency, the Central Bank of Azerbaijan was represented by a delegation led by Executive Director Tarlan Rasulov. The conference gathered representatives from capital market regulators of 11 CAREC member countries alongside the ADB.
Participants at the conference discussed the CMDF’s governance and operational frameworks, outlined its 2027-2031 strategy, and planned the establishment of working groups. Decisions relevant to these topics were adopted. The CMDF’s goal is to offer a specialized platform for knowledge exchange and expertise sharing among capital market regulators, enhance regional cooperation and coordination, and support capital market development.
The international conference included panel discussions focused on strengthening regional cooperation in capital markets, deepening local-currency bond markets, expanding access for small and medium-sized enterprises to capital market financing, and advancing digital transformation within the sector.