The World Bank (WB) plans to complete the third assessment of the financial sector of Azerbaijan as part of the FSAP (Financial Sector Assessment Program) within 2-3 months, Report informs, citing Sarah Michael, the World Bank (WB) Country Manager for Azerbaijan.
The Azerbaijani government has applied with a request to conduct the subsequent assessment of the country’s financial sector jointly with the International Monetary Fund. The work began at the end of 2020 and will be completed within 2-3 months, said Sarah Michael.
The assessment examines the possible risks of the financial sector, identifies various measures to strengthen the financial system.
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