Azerbaijan determines action plan to reduce poverty and stabile development till 2016

Azerbaijan determines action plan to reduce poverty and stabile development till 2016

Azerbaijan, Baku, June 29 / Trend /

It is planned to implement the measures in five areas within the action plan for 2011-2015 on realization of the state program for poverty reduction and sustainable development for 2008-2015 approved by Azerbaijani President Ilham Aliyev. This includes the area of macroeconomic stability and economic growth, employment and social protection, human capital development and social progress, institutional policy, an efficient management system, monitoring.

The Action Plan was published on Wednesday in the official press.

The first direction will improve legislation to increase budget forecast effectiveness, tax collection, to improve tariff and non-tariff regulation of foreign economic activity, in particular, customs-tariff mechanism on imported goods (2011-2012), to exempt physical entities from income tax if their monthly income is less than the subsistence minimum (2011-2015).

It is planned to conduct measures to improve budgetary expenditures, to enhance the efficiency of public procurement, to improve monitoring systems, to introduce e-procurement practice, to support the involvement of local firms in state procurement, conducted in foreign countries in 2011-2015. It is planned to complete the transition process in enterprises and organizations on international accounting standards till 2016.

The measures will be taken to keep the inflation at an acceptable level through the active use of regulatory methods, to improve the system of managing the strategic currency reserves, the system of state regulation of tariffs - liberalization, the definition of free and paid service areas.

It is planned to bring state subsidies in line with economic reasonable costs.
It is planned to continue increasing the capitalization of banks, improving banking supervision, expanding the banking networks in the regions, supporting the creation of housing savings banks, expanding the NBCOs' activity, improving the mechanism of mortgage lending, developing the postal savings system, e-payment system to develop the banking system of Azerbaijan in 2011-2015.

It is planned to develop a single law (2011-2012), the legal framework for securitization (2011-2013), to create favorable conditions for local companies to join the BSE listing, to encourage the formation of institutional investors, to stimulate the production of new financial instruments and to expand the access to foreign securities to develop the securities market.

It is planned to develop proposals to improve the legislation in the insurance sphere in 2011-2013.

It is planned to conduct the measures to encourage the insurance business in 2011-2015.
It is planned to prepare a package of proposals to encourage foreign investments in the oil sector in 2011-2013, to ensure adoption of the "Code on competition", to create an industrial zone (2011-2015), to implement measures to privatize state-owned enterprises in agriculture, chemistry, communications, engineering, construction, housing and communal services (2011-2015), to attract advisers to privatize enterprises in the energy sector (2011-2015).

It is planned to conduct measures to develop the agroindustrial complex, information and communication technologies, industry, energy and tourism till 2016.

The second direction of the action plan provides conducting measures in the field of employment and social protection. In particular, it is planned to improve the legislative base in the areas of employment, labor, labor migration (2011-2012), to create a common information base in this area (2011-2012), to improve governance and potential of the State Migration Service (2011-2013) and to reconsider the minimum amount of unemployment benefits (2012).

The government intends to strengthen the monitoring processes in the labor market, to improve management of labor migration, to conduct studies to determine the current state of the labor market, to define the employment situation and unemployment, to improve the targeted social assistance system of social benefits by 2016.

The state bodies must prepare the proposals for a legislative framework to establish private pension funds in 2012-2013.

The third direction involves improving the education system and its quality, health development and strengthening of its material and technical base, reforms in financing the health care system, improving the ecological environment, water supply systems, establishing the various national parks, conducting an active gender and youth policy.

It is planned to create a centralized electronic information system to introduce the "electronic government", reforms in the civil service (2011-2015), to strengthen measures to combat corruption (2011-2015), to develop municipalities (2011-2015) within the fourth direction for 2011-2013.

The fifth direction involves improving the monitoring system in the area of unemployment and employment, ensuring the continued development of the NGO sector, monitoring to get education, clean water, monitoring the subsistence level of internally displaced people.

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