OREANDA-NEWS. March 09, 2012. The Central Bank Governor Elman Rustamov received the delegation headed by Nick Tesseyman, the Managing Director in charge of the Financial Institutions Sector at the European Bank for Reconstruction and Development, reported the press-centre of CBA.

The current EBRD activity in Azerbaijan and future cooperation prospects were of the topics duscussed at the meeting.

Mr.Elman Rustamov mentioned that the Central Bank and the EBRD cooperation will follow an uward trend in future and that a number of projects had been successfully implemented within the EBRD collaboration with the Central Bank.

Mr.Nick Tesseyman, in his turn, expressed his satisfaction with the cooperation of the institution, he is representing, with our country, particularly with the Central Bank. He highlighted the close support the Central Bank provided for the banking sector during the global financial crisis and that the anti-crisis measures taken and the realization of post-crisis targets enabled stability and sustainability of the banking sector.

The meeting participants also exchanged views on the EBRD and the Central Bank cooperation ties and their future development prospects.