16:55 - 15.11.2023

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November 15, Fineko/abc.az. Unfortunately, in Azerbaijan, the strategy of the vast majority of banks, in the plans adopted by the supervisory boards, did not widely cover the risks of the Sustainable Development Goals (SDGs).

ABC.AZ reports that Central Bank’s director general Togrul Aliyev said during his speech at the 2nd Baku Forum on Sustainable Development.

He added that the risks of the SDGs are widely covered just in 10 banks. In other cases, it is only at the planning stage.

The main obstacles facing the financial sector in terms of the implementation of these applications are the low level of awareness. Another problem is human resources, weaknesses of the legal and regulatory framework. All this is taken into account by the Central Bank," Aliyev said.