Baku: The active implementation of macroprudential policy in Azerbaijan contributes to maintaining financial stability and supporting economic objectives, the International Monetary Fund said, APA-Economics reports. The report states that the phased transition to Basel III standards has prevented sharp disruptions in the financial sector and credit supply, while also increasing the resilience of the banking sector to capital and liquidity shocks.
According to Azeri-Press News Agency, the IMF notes that the implementation of a risk-based supervision model will enable the Central Bank of Azerbaijan to use resources more efficiently. At the same time, the Fund emphasizes that the Central Bank should continue to pay attention to the adequacy of resources in the future. In particular, within the framework of the second phase of Basel III, a more accurate assessment of individual banks’ risks increases the relevance of this issue.