17:10 - 12.03.2025

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March 12, Fineko/abc.az. Expansion of financial accessibility in Azerbaijan will contribute to inclusive economic growth, and the issues discussed at the forum will make an important contribution to development of this area.

ABC.AZ reports, quoting CBA general director Fuad Isayev during his speech at the 1st National Financial Accessibility Forum in Baku.

"Access to credit and capital, as well as the creation of an efficient payment service system, open up opportunities for expanding small businesses, creating new jobs and stimulating economic development. In addition, access to insurance services acts as a protection mechanism against unforeseen risks and financial shocks, which, in turn, increases the economic security of citizens," Isayev said.

“According to the World Bank's approach, it is financial inclusion that plays the role of a catalyst in the implementation of 7 of the 17 global goals within the UN Sustainable Development Goals. Creating access to credit and capital, as well as an efficient payment system, creates opportunities for small businesses to expand, create new jobs, and promote economic development,” he added.