The Central Bank of Azerbaijan (CBA) has engaged in crucial discussions with the World Bank regarding the preparation process for a new Country Partnership Framework, Report informs, citing the CBA.

This landmark meeting marks a significant step in Azerbaijan’s journey towards economic modernization and global integration.

The talks were held during a high-level meeting between Taleh Kazimov, the Chairman of CBA, and a delegation led by Rolande Pryce, the World Bank’s Regional Director for the South Caucasus. This strategic dialogue underscores the growing importance of Azerbaijan in the global financial landscape.

During the meeting, both parties exchanged views on ongoing and prospective projects and initiatives within the framework of cooperation with the World Bank. This collaboration is expected to bring about transformative changes in Azerbaijan’s financial sector, potentially catalyzing economic growth and stability in the region.

A key focus of the discussions was the preparation process for the World Bank’s new Country Partnership Framework for Azerbaijan. This framework is anticipated to make significant positive contributions to the reforms being implemented in the country.