State Oil Fund and Central Bank hold training for media representatives

25-10-2022

25 October 2022, Baku:  The Central Bank constantly keeps in the spotlight the issues of effectively informing the public about national development priorities, especially about the main challenges arising from the strategy for socio-economic development and the work done in this direction, strengthening professional cooperation with media institutions, raising the literacy of journalists in the field of economics and finance, as well as in central banking.

Close cooperation with media institutions is important in terms of a clear understanding of the state's financial policy and activities by the general public, as well as the correct transmission of policy messages to the public.

On 25 October 2022, the State Oil Fund of the Republic of Azerbaijan and the Central Bank of the Republic of Azerbaijan held training sessions for media representatives on the topics ‘The role of SOFAZ in the formation of the overview budget’, ‘Global economic trends and the investment activity of SOFAZ’ and ‘The impact of the refinancing rate decision on the economy’.

The participants of the training were informed about the role of SOFAZ in the formation of the ccountry’s general budget, the characteristics of the investment activity of SOFAZ under the current global economic relations, as well as the nature and tools of monetary policy, the role and importance of the refinancing rate as the main monetary policy tool, the impact of policy decisions on financial markets, including the money market, the transmission mechanism of monetary policy, and analytical materials related to the topics were presented.

The participants’ questions were answered in detail during the training.