Baku:The leadership of the Central Bank of Azerbaijan CBA) recently engaged in discussions with representatives from the World Bank’s Financial Access for Jobs and Growth FINGROW) Mission during a visit to Azerbaijan.
According to Azerbaijan State News Agency, the discussions centered on enhancing the credit guarantee scheme, implementing capital financing components, and studying the impact of these mechanisms on businesses’ access to finance. The consultations also covered prudential regulation policies in the financial sector.
Both parties explored potential joint initiatives aimed at contributing to the development of Azerbaijan’s financial sector and supporting private-sector growth. The FINGROW program is a regional initiative focused on expanding access to finance and promoting job creation across Europe and Central Asia, utilizing digital payments, lending, risk mitigation, and capital financing strategies.