Baku, Azerbaijan, Dec. 13
By Azad Hasanli – Trend:
The World Bank (WB) is providing technical assistance to Azerbaijan in the development of interbank currency exchange market, a source in the Azerbaijan Banks Association told Trend Dec. 13.
The WB is not financing any project or providing any software or hardware equipment within the technical assistance, but is rendering consulting services to Azerbaijan, the source said.
On Dec. 12, WB representatives met with Zakir Nuriyev, chairman of Azerbaijan Banks Association (ABA), Yunus Abdullayev, ABA executive director, and Zakir Kazimov, head of the expert group on accounting, taxes and financial reporting.
The meeting participants discussed the situation on the securities market, its development and the participation of banks there, as well as development of interbank foreign exchange market.