Azerbaijan slightly affected from world crisis: head of CIS executive committee
Azerbaijan, Baku, October 14 / Trend I. Khalilova /
The plan of joint measures to overcome consequences of the global financial-economic crisis is planned to be approved at the council of CIS participant-countries' heads in Yalta on November 20, chairman of the executive committee, CIS executive secretary, Sergey Lebedev, said at II International Banking Conference of the Commonwealth of Independent States (CIS) "Enhancing the stability of the financial and banking systems of the Commonwealth" in Baku on October 14.
Baku is hosting II International Banking Conference of the Commonwealth of Independent States (CIS) "Enhancing the stability of the financial and banking systems of the Commonwealth". The conference will last by Oct. 16.
He said that preparation of the plan was the result of three meetings of CIS finance ministers held during 2009. The executive committee also participated in preparation.
"We think that the plan will be effective instrument to overcome consequences of crisis," Lebedev said.
The plan envisages concrete proposals and signing of the agreements regulating financial-banking relations, use of several countries' experience in other CIS countries.
"Each country has good examples how to act during crisis. One of them is Azerbaijan slightly affected from crisis," Lebedev said.
The plan envisages the agreement on legal regime of mutual admission to CIS countries' banking systems, currency regulation of currency control, common principles between the Central Banks, measures in monetary-loan policy. The working group of CIS experts is planned to be established to create mutual calculations in national currency in CIS.
TREND news agency provides the banking conference with media support.