The 27th regular meeting of Central Bank Governors Club of Central Asia, the Black Sea Region and Balkan Countries was held on 12 – 13 May, 2012 in the Baku city. Participants discussed the sovereign debt problem of the Euro zone and its spillover to non-EU member Eurasian countries, global financial stability and the role of counter-cyclic macroprudential supervision in emerging markets and experience of member countries. The event enabled the CBA to discuss mutual cooperation with central banks of member countries and have an exchange of experience. It was the key contribution to boost of the international image of Azerbaijan, as well as the CBA.
The event was attended by central bank representatives from 19 countries, including governors of central banks of Turkey, Russia, the Czech Republic, Romania, Albania, Kazakhstan, Kyrgyzstan, and Tajikistan.