The Central Bank of the Republic of Azerbaijan has convened the first meeting of its sub-working group on “macroeconomic resilience”, set up to support preparation of Azerbaijan’s 2027–2030 socio-economic development strategy. The discussion framed macroeconomic resilience as central to sustaining growth, strengthening the economy’s ability to withstand external and domestic shocks, and supporting social welfare and inclusive development. Central Bank Chair Taleh Kazimov pointed to positive results from macroeconomic stability measures under the 2022–2026 strategy, citing inflation being managed within the Central Bank’s target range, greater financial sector depth, a higher share of the financial sector in GDP, and expanded access to finance. He also highlighted the need to further strengthen macroeconomic resilience in 2027–2030 by improving macroeconomic and financial stability policy frameworks, after which participants discussed proposed priority actions and were asked to coordinate their work. The sub-working group was established under a Cabinet of Ministers order dated 18 June 2025, in implementation of a 30 May 2025 presidential order covering the preparation of the 2027–2030 strategy and the Second State Programme on the “Great Return” to the liberated territories.
Central Bank of the Republic of Azerbaijan 2025-07-30
Central Bank of the Republic of Azerbaijan holds first meeting of macroeconomic resilience sub-working group for 2027–2030 strategy
The Central Bank of the Republic of Azerbaijan held its first meeting of the sub-working group on macroeconomic resilience to aid the 2027–2030 socio-economic development strategy. Discussions emphasized the importance of resilience for growth, shock resistance, and social welfare. Central Bank Chair Taleh Kazimov noted positive outcomes from the 2022–2026 strategy, including inflation control and increased financial sector depth, while stressing the need for enhanced policy frameworks for future resilience.