Meeting of the National Bank of Tajikistan’s Management with the World Bank delegation

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On October 8 of this year, the National Bank of Tajikistan’s Management met with a World Bank delegation led by Pietro Calice, a senior expert in the financial sector of the World Bank Group in Europe and Central Asia.

The meeting focused on the progression of the second phase of the "Financial sector stabilization" and "Financial and private sectors development" projects in Tajikistan. Participants engaged in discourse regarding various topics, including, the influence of climate change risks on the financial system, safeguarding the rights of consumers of financial services, enhancing the regulatory framework governing the sector, advancing digital financial services, maintaining macroeconomic stability, ensuring the payment system stability, funding initiatives for a green economy, establishing a centralized database for statistical data.

It was noted that the National Bank of Tajikistan recognizes the expanding influence of the financial sector in promoting a sustainable economy. To this end, it actively collaborates with international financial institutions to support domestic financial institutions in adopting and implementing Environmental, Social, and Governance (ESG) best practices, to implement programs designed to manage climate change and environmental risks. The National Bank remains committed to aligning its operations with internationally recognized standards and best practices.

Concluding the meeting, Mr. Firdavs Tolibzoda, Chairman of the National Bank of Tajikistan, expressed his gratitude to the World Bank for their invaluable contributions in supporting the Government of the Republic of Tajikistan's endeavors to maintain economic and financial stability. He also conveyed his appreciation to the World Bank delegation for their ongoing collaboration and commitment to projects that bolster the economic and social development of the Republic of Tajikistan.

Pietro Calice, Head of the World Bank Group's financial sector delegation in Europe and Central Asia, commended the progress made by Tajikistan's financial sector, particularly its banking system. He affirmed the World Bank's commitment to continued collaboration with Tajikistan in this area.

 

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08.10.2024