Ulaanbaatar:A delegation from Azerbaijan’s Central Bank, led by Executive Director Tarlan Rasulov, participated in the first meeting and international conference of the Capital Market Development Forum (CMDF) under the Central Asia Regional Economic Cooperation (CAREC) Program in Ulaanbaatar, Mongolia.
According to Azerbaijan State News Agency, the event was supported by the Asian Development Bank (ADB) and included representatives from capital market regulators of 11 CAREC member countries. The participants discussed the governance and operational frameworks of the CMDF, its strategy for 2027-2031, and plans to establish working groups, alongside adopting relevant decisions.
The CMDF aims to serve as a specialized platform to facilitate the exchange of knowledge and expertise among capital market regulators, enhance regional cooperation and coordination, and support the development of capital markets. The international conference also featured panel discussions focused on strengthening regional collaboration in capital markets, deepening local-currency bond markets, increasing small and medium-sized enterprises’ access to capital market financing, and furthering digital transformation in the sector.