BAKU, Azerbaijan, April 6. The board of the Central Bank of Azerbaijan (CBA) approved the "Rules of Payment Transactions and Payment Tools" this week, Trend reports.
Meanwhile, Azerbaijan and Türkiye discussed the possibilities of implementing investment projects and prospects for cooperation in this sphere.
The World Bank (WB) disclosed the volume of Azerbaijan's credit portfolio this week.
The total amount of WB loans for Azerbaijan stands at $3.47 billion, with more than half ($2.87 billion) already allocated to the country.
Furthermore, Azerbaijan and the Asian Development Bank (ADB) discussed potential financing opportunities aimed at addressing climate change issues.
This week, the ADB expressed interest in expanding ties with Azerbaijan, particularly in providing financial and technical support for implementing new projects in line with government priorities.
The ADB also disclosed the volume of investments in Azerbaijan under the Central Asia Regional Economic Cooperation (CAREC) program. Azerbaijan ranks third in terms of investment volume, accounting for 13.5 percent ($6.9 billion) of the total amount of $51.02 billion.
The investment volume in Azerbaijan's transport sector under the CAREC program amounts to $5.6 billion.
Additionally, the European Bank for Reconstruction and Development (EBRD) expressed readiness to assist Azerbaijan in hosting COP29. It was noted that 2024 is becoming a very important year for the EBRD in the country.