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Azerbaijan, WB to launch project in spring

Business Materials 5 November 2009 15:29 (UTC +04:00)

Azerbaijan, Baku, Nov. 5 / Trend , U.Ismayilova/

The Labor and Social Protection Ministry will launch a state project with the World Bank in February-March 2010, the ministry's International Cooperation Department head Elnur Sultanov said today.

"Activities are ongoing to select consultants for the project's four main components," he said.

He added that specialists from Sweden, Austria, Germany, Turkey, Belgium, the U.S. and other countries are participating in a tender announced earlier by the ministry.

The project's first phase envisages improving youth professionalism and developing modular programs for professional support, Sultanov said.

The WB and Azerbaijani government signed an agreement to implement the "Development of Social Protection in Azerbaijan" project worth $54.6 million in November 2008.

The WB will allocate $26.7 million to finance the project based on the conditions of the International Development Association.

The project comprises four components, including modernizing labor market systems, improving labor legislation, developing a labor employment service and modernizing the pension system.

The project envisages the full institutional development and modernization of a professional training system, as well as the development of professional classifiers using European experience. It will also establish a professional training center at the ministry.

The project will run five years from 2008 to 2013.

The WB has financed one other social project in the country. The "Pension Reforms and Social Ensuring" project has been ongoing since 2005. The bank allocated $10 million for the project.

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