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Baku, Fineko/abc.az. Yesterday the Board of the Central Bank of Azerbaijan summarized results of the first half of the year.
The CBA Chairman Elman Rustamov stated that preparation for conducting joint repeated financial sector assessment (FSAP) of Azerbaijan by IMF and the World Bank is underway.
" It is planed for 2013",- E. Rustamov said. He also noted that the bank keeps on the process of bringing prudential supervision in compliance with third edition of Basel Committee’s rules on supervision and regulation (Basel-3).
At the beginning of the year Head of IMF mission for Azerbaijan Nadeem Ilahi noted that preparation for conducting FSAP will take 5-6 months.
" Judging from this, the IMF and the World Bank mission can arrive in Azerbaijan within FSAP near the end of 2012",- N. Ilahi said then.
The second assessment was planned before the start of global financial crisis in 2008.
19.07.2012 10:45
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- Financial literacy is promoted in regions of Azerbaijan
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- Mortgage defaults do not exceed 0.3% of funding and do not have economic nature
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