Tweet
AzerTag, Azerbaijan
Jan 17 2005
WB KEEN IN DEVELOPMENT OF COOPERATION WITH AZERBAIJAN
[January 17, 2005, 21:32:50]
Visiting Baku for preparation of the `Poverty Reduction Support
Credit' program, head of the World Bank delegation Christian Peterson
on January 17 has met members of the MM economic policy standing
commission.
Chairman of the Commission Sattar Safarov updated on the
accomplishments as a result of the economic reforms in the country,
on the heavy sequences of the Armenia-Azerbaijan, Nagorny Karabakh
conflict. He said the government of Azerbaijan every year renders to
the refugees and IDPs assistance at amount $300 million,
approximately. Occupation of 20 percent of Azerbaijan territories,
existence of over one million of refugees has deep impact on life of
people. Reduction of international assistance has hardened the
situation. The Republic does a lot for poverty reduction and
elimination of unemployment. We closely cooperate with the
international financial structures, including the World Bank, he
said. We are certain that current visit of the WB delegation will
have positive influence on quick realization of the `Poverty
Reduction Support Credit' program.
Head of the delegation Christian Peterson has said the `Poverty
Reduction Support Credit' program aims at poverty reduction, opening
of new working places and development of the non-oil sector in
Azerbaijan. We want all layers of population benefited of the
economic development. We know well the problem of refugees of
Azerbaijan and have prepared a humanitarian assistance program on
this purpose.
The World Bank is also interested in attraction of Azerbaijan in the
European new neighboring policy and a relevant project has been
worked out. This will also help rapprochement of the South Caucasus
republics among themselves and with the European Union.
Two other questions are connected to accedence of Azerbaijan to the
global trade system. And in this field there has been done a lot in
Azerbaijan. These are significant steps made in the direction of
opening of new workplaces and poverty reduction. Opening of new
workplaces and attraction of the foreign investors to the non-oil
sector need a perfect legislative base. The existing legislation
should be brought in conformity with the European standards, the
principles of the World Trade Organization. The World Bank can make
recommendations and assist and in this field.
Sattar Safarov also informed the guest on protection of investments,
on the adopted laws, emphasizing that the country stands ready to
cooperate with the World Bank in the mentioned sphere.
Jan 17 2005
WB KEEN IN DEVELOPMENT OF COOPERATION WITH AZERBAIJAN
[January 17, 2005, 21:32:50]
Visiting Baku for preparation of the `Poverty Reduction Support
Credit' program, head of the World Bank delegation Christian Peterson
on January 17 has met members of the MM economic policy standing
commission.
Chairman of the Commission Sattar Safarov updated on the
accomplishments as a result of the economic reforms in the country,
on the heavy sequences of the Armenia-Azerbaijan, Nagorny Karabakh
conflict. He said the government of Azerbaijan every year renders to
the refugees and IDPs assistance at amount $300 million,
approximately. Occupation of 20 percent of Azerbaijan territories,
existence of over one million of refugees has deep impact on life of
people. Reduction of international assistance has hardened the
situation. The Republic does a lot for poverty reduction and
elimination of unemployment. We closely cooperate with the
international financial structures, including the World Bank, he
said. We are certain that current visit of the WB delegation will
have positive influence on quick realization of the `Poverty
Reduction Support Credit' program.
Head of the delegation Christian Peterson has said the `Poverty
Reduction Support Credit' program aims at poverty reduction, opening
of new working places and development of the non-oil sector in
Azerbaijan. We want all layers of population benefited of the
economic development. We know well the problem of refugees of
Azerbaijan and have prepared a humanitarian assistance program on
this purpose.
The World Bank is also interested in attraction of Azerbaijan in the
European new neighboring policy and a relevant project has been
worked out. This will also help rapprochement of the South Caucasus
republics among themselves and with the European Union.
Two other questions are connected to accedence of Azerbaijan to the
global trade system. And in this field there has been done a lot in
Azerbaijan. These are significant steps made in the direction of
opening of new workplaces and poverty reduction. Opening of new
workplaces and attraction of the foreign investors to the non-oil
sector need a perfect legislative base. The existing legislation
should be brought in conformity with the European standards, the
principles of the World Trade Organization. The World Bank can make
recommendations and assist and in this field.
Sattar Safarov also informed the guest on protection of investments,
on the adopted laws, emphasizing that the country stands ready to
cooperate with the World Bank in the mentioned sphere.