ADB supports steps taken to provide stability of financial sector in Azerbaijan

Baku, June 13, AZERTAC Asian development Bank supports the necessary steps taken to provide the ongoing reforms and stability in the financial sector in Azerbaijan. This was stated at the meeting of the delegation led by Matthew Fox, Executive Vice President of the Asian Development Bank, and the Board of Directors of the Financial Market Control Chamber (FMCC) of Azerbaijan. Noting that ADB attaches special importance to the ties with Azerbaijan, Matthew Fox said the Bank fully backs the latest reforms and taken steps to stabilize the financial sector in the country. Both sides expressed readiness to cooperate in recovery of the financial sector. The sides had comprehensive discussions to further define the would-be-taken measures in cooperation between the Asian Development Bank and the Financial Market Control Chamber.