{
  "id": 14927987,
  "title": "Taleh Kazimov: Shoring Up Resilience",
  "url": "https://urgent.news/2026/10/16/taleh-kazimov-shoring-up-resilience",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T09:30:14.000Z",
  "source": {
    "name": "Global Finance",
    "slug": "global-finance",
    "url": "https://gfmag.com/executive-interviews/taleh-kazimov-shoring-up-resilience/"
  },
  "original_language": "en",
  "account": "Azerbaijan's monetary framework is resilient against today's global risks, according to Taleh Kazimov, the country's central bank governor. The economy is small and open, with trade turnover reaching 79.8% of GDP in 2025. Energy prices affect the economy through three channels: direct impact on the current account, indirect impact on partner inflation, and valuation of strategic assets. Overall, the effect remains positive.\n\nThe framework is built on three pillars: exchange rate stability, an interest rate corridor with standing facilities, and a buffer stock of strategic reserves. Kazimov's priorities for modernizing the framework include strengthening interest rate transmission, deepening capital and money markets, upgrading forecasting, and improving communication. The Financial Sector Development Strategy 2024-2026 has seen an 81.8% execution rate in 2024 and 85.6% in 2025, with reforms aimed at improving interest-rate transmission, financial sector stability, payment infrastructure, digital innovations, and a green taxonomy.\n\nEconomic diversification away from the energy sector is progressing, with the non-oil sector growing at 70% of the economy. Investment in the non-oil sector increased by 5.5% in the first six months of the current year, driven by private-sector investment growth. Monetary policy cannot deliver diversification, but it can provide conditions for it. Structural reforms in the 2027-2030 economic agenda will determine the pace of diversification, with the central bank ensuring macroeconomic and financial stability.",
  "summary": "Taleh Kazimov, governor of the Central Bank of the Republic of Azerbaijan, discusses the central bank’s drive to modernize the banking system and how it supports economic diversification. The post Taleh Kazimov: Shoring Up Resilience appeared first on Global Finance Magazine .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}