On May 4–8, the Central Bank of the Republic of Uzbekistan hosted a delegation from the Central Bank of the Republic of Azerbaijan. During the visit, the regulators of the two countries held comprehensive discussions on strategic and operational aspects of monetary policy.
The visit was carried out by a delegation led by Elchin Gulaliyev, Deputy Director of the Monetary Policy Department of the Central Bank of Azerbaijan. Speaking at the opening events, Deputy Governor of the Central Bank of Uzbekistan Nodirbek Achilov highly appreciated the institutional cooperation between the central banks of the two countries and noted that such dialogue plays an important role in exchanging experience and further expanding cooperation.
The main purpose of the talks was to take the strategic partnership between the two central banks to a new level and establish systematic dialogue on modern approaches to conducting monetary policy. During the discussions, the parties reviewed Uzbekistan’s experience in introducing the inflation targeting regime, the operational framework of monetary policy, the decision-making process, and communication policy.
Exchange of views on the Forecasting and Policy Analysis System (FPAS) was also one of the key areas of the meetings. In this regard, the Azerbaijani delegation presented its approaches and experience.
Following the visit, the parties agreed to continue the dialogue on a regular basis and further expand cooperation. This institutional dialogue served as a clear example of the consistent efforts of the central banks of Uzbekistan and Azerbaijan to strengthen their analytical capacity. Going forward, this cooperation is expected to be enriched with new projects and contribute to further enhancing the joint potential of the two central banks.
