12:43 - 26.01.2024

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January 26, Fineko/abc.az. In Azerbaijan, it is planned to increase investments of the population in the capital market from the current 150 million manats to potentially 1 billion manats.

ABC.AZ reports that CBA chairman Taleh Kazimov stated about this, when commenting on the "Strategy for development of the financial sector for 2024-26", approved today by the institution he heads.

"The strategy on capital markets with high development potential is aimed at increasing the role of capital markets in the financial system of our country and promoting economic development. The main strategic goals for capital markets include development of market infrastructure, strengthening market confidence and sustainability, expanding market entry opportunities, and widening the range of investment instruments. In addition, the strategy envisages an increase in the share of the probable potential of capital markets in non-oil GDP from current 10% to 14%, and formation of effective control framework," he said.