Central Bank hosts next Macroeconomic Sustainability sub-group meeting

04-09-2025

4 September 2025, Baku: The Central Bank convened the next meeting of the sub-group on macroeconomic sustainability on September 4, established to draft the nation’s 2027–2030 Socio-Economic Development Strategy.

Central Bank Governor Taleh Kazimov, who chairs the sub-group, said macroeconomic stability is a ‘key pillar’ of Azerbaijan’s growth model, underpinning resilience against internal and external shocks while fostering a more inclusive financial ecosystem.

The CBA Governor highlighted progress in recent years, citing improved monetary policy transmission, stronger policy tools, and expanded access to finance — developments that have already helped stabilize the financial sector.

The governor emphasized that the 2027–2030 period will focus on refining policy frameworks to safeguard both macroeconomic and financial stability.

Participants also reviewed progress since the group’s previous session and discussed next steps in shaping the upcoming strategy, which is intended to further guide economic policy.

The Macroeconomic Stability sub-group was created under Decree No. 356s of the Cabinet of Ministers of 18 June 2025 to ensure the implementation of the document on the preparation of the 2027–2030 Social-Economic Development Strategy of the Republic of Azerbaijan, and the Second State Program for the Great Return to the Liberated Territories, approved by Decree No. 611 of the President of the Republic of Azerbaijan dated May 30, 2025.