Central Bank becomes a Plenary Member of the Network of Central Banks and Supervisors for Greening the Financial System

30-04-2026

30 April 2026, Baku: The Central Bank has been accepted as a plenary member of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).

As a full member of the network, the Central Bank will participate in the activities of the working groups, contributing to and benefiting from collective research in areas such as climate scenario analysis, green finance and climate stress tests, as well as the integration of sustainability factors into monetary policy and prudential supervision frameworks.

The Central Bank's participation in this network will help advance its sustainable finance agenda. This agenda includes implementing the Green Taxonomy, establishing a green bond market, and ensuring climate risk disclosures in the financial sector. This membership, which is one of the key initiatives towards the implementation of the Central Bank’s Sustainable Finance Roadmap, is also consistent with Azerbaijan’s national commitments under the Paris Climate Agreement and its policy on transforming the economy towards green, sustainable development.

The NGFS is a global network of central banks and supervisory authorities from around the world. The NGFS aims to contribute to environmental and climate risk management in the financial sector, promote best practices, and mobilize financial flows to support the transition to a sustainable economy.

The Central Bank will continue to develop its cooperation with international financial institutions and formulate policies that address global challenges.