BAKU, Azerbaijan, August 12. The work done on the development of the capital market has been discussed in Azerbaijan.
This was announced in a report released by the Central Bank of Azerbaijan (CBA), following the meeting between Deputy Chairman Ali Ahmadov and the heads of the Azerbaijan Capital Markets Association, the Baku Stock Exchange, the National Depository Center, and investment companies.
According to the CBA, the meeting discussed the dynamics of capital market development in the second quarter of 2026, the performance of investment companies, as well as the main trends and prospects observed in the sector. In addition, the work done on the development of the capital market in the current year within the framework of the "Strategy for the development of the financial sector in 2024–2026" was reviewed.
The meeting included an exchange of views on the main challenges in the capital market, including initiatives aimed at promoting the active participation of real sector representatives in the market, increasing the level of digitalization of the sector, and increasing financial literacy.
The relevant international cooperation is also expanding. The Asian Development Bank (ADB) has launched a project aimed at the development of capital markets with the participation of Azerbaijan.
According to ADB information, the program covers 43 countries and economies in the Asia-Pacific region, including Azerbaijan, Armenia, Georgia, Kazakhstan, Kyrgyzstan, China, Türkiye, Uzbekistan, and other countries.
Meanwhile, it's planned to allocate $225,000 from the ADB's Special Fund for Technical Assistance to finance the project.
The information notes that the program aims to support the development of capital markets in participating countries and the expansion of existing opportunities in this area.
According to ADB information for 2015-2024, Azerbaijan received $2.53 billion in sovereign financing for 10 projects. Of this amount, 51% was allocated to regional cooperation and integration projects.
In the mentioned period, the bank approved 9 non-sovereign projects totaling $963.9 million, with 100% of the financing directed toward private sector development.
According to the CBA, ADB's direct investment in the country's economy amounted to $2.07 million in the 1st quarter of this year. This figure is $455,000, or 28.1%, higher than the same period last year.
