Microfinance in Azerbaijan will develop in five directions At the 12th conference on investment and sustainable development in microfinance in Baku, Chairman of the Board of Directors of the Azerbaijan Microfinance Association (AMFA) Jalal Aliyev outlined five priorities for the development of the sector. According to him, the strategic framework document prepared and approved by the central bank establishes guidelines for the industry, and its implementation will require the participation of government bodies, non-bank credit institutions, investors and development partners. Five priorities 1. Increasing financial inclusion and support for entrepreneurship.
2. Responsible lending and institutional sustainability.
3. Access to resources and long-term financial investments.
4. Safe digitization and reliable information infrastructure.
5. Social and environmental impact assessment. Aliyev noted that when evaluating results, one must look not only at formal indicators, but also at the development of supported organizations and the financial stability of clients. He named promising products that help save water, use alternative energy, increase energy efficiency and adapt to climate change. Also, the CBA works to improve the activities of non-bank credit institutions and to adapt their principles of operation to the corporation's values.