Azerbaijan, WB discuss cooperation
Azerbaijan’s Deputy Prime Minister Ali Ahmadov met the
delegation headed by Andrew Mason, the World Bank’s senior
economist on social protection and labor.
Mason said he was well aware of the latest economic achievements in
republic and expressed hope the Azerbaijani government will achieve
greater successes.
Then, the sides focused on the pension reforms and implementation
of the “Concept of Pension Reforms in 2014-2020s” approved by
President Ilham Aliyev on November 2014.
Ahmadov said the World Bank’s participation in realization of
these reforms would be of special significance and deepen
cooperation in social security and employment sphere.
The sides had also exchange of views on the state of implementation
of the “Development of Social Security” project, the actions taken
in this direction.
So far, the World Bank has allocated some $3.6 billion to 51 projects in Azerbaijan, which has been a member of the WB since 1992.
The total liabilities of the bank to the country have amounted to over $3 billion on 54 projects during this period. About $1.7 billion was allocated for the implementation of the road-transport projects.