BAKU, Azerbaijan, September 9. The Central Bank of Azerbaijan (CBA) has developed guidelines for implementation of 'green' loans and other related financial instruments, Leading Economist of the CBA Sustainable Finance Department Kanan Mammadov said, Trend reports.
He made the remark at the "Role of small and medium businesses in the green economy" conference in Baku today.
“This instruction is closely related to the green taxonomy, it has already been submitted to the CBA board, and its approval is expected in the coming weeks,” Mammadov explained.
According to him, methodological recommendations are being developed and changes are being made to the relevant legislative framework.
“As the market develops, further improvements are planned based on industry notifications,” added the expert.
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