The first meeting of the "Macroeconomic Stability" sub-working group, established for the purpose of preparing the "Socio-economic Development Strategy of the Republic of Azerbaijan for 2027–2030", was held at the Central Bank on July 30.
Taleh Kazimov, Chairman of the Central Bank and head of the sub-working group, emphasized during his speech at the meeting that macroeconomic stability is of great importance in terms of ensuring the sustainability of economic growth, increasing the economy's resilience to external and internal shocks, and supporting social welfare and inclusive development.
Chairman Taleh Kazimov stated that the measures implemented in the field of macroeconomic stability within the "Socio-economic Development Strategy for 2022–2026" yielded positive results. He noted that significant achievements have been made in managing inflation within the Central Bank's target range, increasing the depth of the financial sector, raising the financial sector's share in GDP, and generally expanding access to finance.
During his speech, the Chairman emphasized the importance of improving policy frameworks for macroeconomic and financial stability with the aim of further strengthening macroeconomic stability in the country during 2027-2030.
Subsequently, discussions were held at the event regarding the proposed areas of activity within the framework of preparing the "Socio-economic Development Strategy for 2027–2030".
Finally, the Chairman invited the members of the working group to coordinated cooperation in these areas of activity.
It should be noted that the "Macroeconomic Stability" sub-working group was established based on the Cabinet of Ministers' Order No. 356s dated June 18, 2025, to ensure the implementation of the document on the preparation of the "Socio-economic Development Strategy of the Republic of Azerbaijan for 2027–2030" and the "II State Program on the Great Return to the Liberated Territories", approved by Order No. 611 of the President of the Republic of Azerbaijan dated May 30, 2025.