12:40 - 17.06.2026

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June 17, Fineko/abc.az. Baku is hosting the 51st annual meeting of the Islamic Development Bank (IsDB) Group.

ABC.AZ informs that during the event, Director General of the Central Bank of Azerbaijan (CBA) Shahin Mahmudzade touched upon the topic of inflation in the country.

According to Mahmudzade, inflation in Azerbaijan is at a manageable level and is important for attracting capital:

"Price stability is of key importance, since international capital comes only in conditions of stability - trust in the currency, monetary policy and transparent communication of this policy. Over the past 3 years, inflation has remained within the target range of about 4%, plus or minus 2 p.p. It is also expected to remain at this level in the next 2 years. This is how we can support economic development. This is how we can support economic development. How did we achieve this? Over the past 3 years, we have modernized the regulatory framework of the banking sector. This process covered not only traditional areas, such as the transition to the latest Basel standards, but also new areas, including market behavior and ESG (environmental, social and corporate governance).

Important steps have also been taken in the capital markets. A number of changes have been made to the current legislation, and new draft laws have been prepared and submitted to the government concerning rating agencies, subsidiary financial instruments, venture capital and crowdfunding (co-financing). We have also taken important steps to modernize the regulatory framework in the insurance market. The legislation has been revised for almost all compulsory insurance products, and some of them have already been submitted to the government."