Financial Stability Council established

/By Azernews/

By Nigar Abbasova

President Ilham Aliyev signed an order on July 15 on the establishment of Financial Stability Council, while Prime Minister Artur Rasizade was appointed a chairman of the council.

Members of the Council are Azerbaijani Presidential Aide on economic reforms Natiq Amirov, Finance Minister Samir Sharifov, Economy Minister Shahin Mustafayev, Head of CBA Elman Rustamov, Chairman of the Board of Directors of Financial Market Supervisory Body Rufat Aslanli and CEO of the State Oil Funf (SOFAZ) Shahmar Movsumov

The Financial Stability Council is established with a view to conduct coordinated policy in the financial system of Azerbaijan.

Earlier, Azerbaijan, which has set a goal to cope with the negative effects of fall in revenues from oil sector and develop the non-oil sector, established a legal public entity - the Financial Market Supervisory Body