UN rates Azerbaijan’s pension system best in CIS, Europe
BAKU – The United Nations Development Program bureau for Europe and CIS has ranked Azerbaijan’s insurance and pension systems and the ongoing reforms in this area as the most advanced in the region, the State Social Security Fund said.
The New York-based UNDP, in its review, ranked the South Caucasus republic as the leader among European and CIS countries considering the scope and timeliness of reform and other indicators. It said that Azerbaijan has managed to create a social insurance and pension system in a short time on the basis of market economy and in line with the principles of transparency and fairness, adding that it could serve as a model for a number of countries.
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