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Several directions of Azerbaijan's AZTAF nearing completion - World Bank (UPDATE)

Economy Materials 31 May 2024 15:12 (UTC +04:00)

BAKU, Azerbaijan, May 31. Four directions of the Azerbaijan Rapid Technical Assistance Facility (AZTAF) are nearing completion, Country Manager of the World Bank (WB) Office in Azerbaijan, Stefanie Stallmeister, said during today's second annual reporting meeting of AZTAF, funded by the European Union (EU) and managed by the WB, in Baku, Trend reports.

"AZTAF is a technical assistance program funded by the European Union and implemented by the World Bank. The program was created in close collaboration with the government of Azerbaijan and the Ministry of Economy as the main partner, as well as in consultation with other state institutions.

AZTAF aims to support the key goals and priorities of national development outlined in the Azerbaijan Socio-Economic Development Strategy for 2022-2026," she emphasized.

Stallmeister pointed out that AZTAF's technical assistance activities directly support the implementation of the activities and main directions of this strategy.

"The program covers a wide range of topics, from energy efficiency to women's entrepreneurship and 'smart villages', addressing a total of nine areas. It's encouraging that all nine directions, about which we will hear more detailed information today, are actively progressing towards achieving development goals, with four of these initiatives already nearing completion," she added.

To note, AZTAF was launched to support the Azerbaijani government in achieving the goals outlined in the Azerbaijan Socio-Economic Development Strategy for 2022–2026.

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