Next webinars on financial literacy were held

11-08-2020

10 August 2020, Baku: The Central Bank is taking measures to increase the financial literacy of consumers and the knowledge and skills of human resources in the financial sector in connection with the implementation of the goal titled "Improving the knowledge and skills of financial market participants” of the Strategic Roadmap on Development of Financial Services.

In order to prevent over-indebtedness of the population, online trainings were organized in June and July of the current year in accordance with the relevant action plan signed between the Central Bank of the Republic of Azerbaijan, the Center for Economic Reforms Analysis and Communication of the Republic of Azerbaijan and the Azerbaijan Banking Training Center by the decision of the Financial Stability Board of the Republic of Azerbaijan dated September 20, 2019.

Thus, senior executives of commercial banks were involved in the trainings on "Management of potential risks of over-indebtedness of the population", students, journalists, media workers and civil society institutions were involved in the trainings on "Excessive borrowing: problems and recommendations", and bank specialists took part in the trainings on "Entrepreneur's cash flow and loans", discussions were held on the topics and their questions were answered.

To increase coverage, an online training module on “Excessive Borrowing: Challenges and Recommendations” was developed and posted on the Central Bank's Virtual Education Platform (https://edu.e-cbar.az/course/view.php?id=97) and made available to a wide audience.

It should be noted that the Central Bank continues its awareness-raising activities aimed at increasing the financial knowledge and skills of banking sector specialists, as well as the population in accordance with the implementation of the Strategic Roadmap.