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Expert names top-priority goals for Azerbaijan's economic development

Business Materials 20 May 2020 14:12 (UTC +04:00)
Expert names top-priority goals for Azerbaijan's economic development

BAKU, Azerbaijan, May 20

By Fidan Babayeva – Trend:

The formation of the Sustainable Development Goals for the period until 2030, which are part of the United Nations’s (UN) global initiative, will be based on 17 directions in Azerbaijan, Chairman of the Azerbaijani Center for Study of Economic Resources Ruslan Atakishiyev told Trend.

He said these 17 directions were adopted by all UN member states in 2015 as part of the 2030 Agenda for Sustainable Development, on which a 15-year plan was set to achieve them.

Atakishiyev emphasized that 2020 opened a decade of decisive action to achieve the goals by 2030.

“The fall in world trade could reach 32 percent this year due to the COVID-19 pandemic. At the same time, a 20 percent reduction in the global economy could increase the number of people below the poverty line by 420-580 million compared to the figures for 2018,” said the chairman.

“Thus, when forming sustainable development goals, it is necessary to take into account new conditions prevailing in the world and set new goals. It is necessary to add directions, such as minimizing the impact of the coronavirus pandemic on the increase in the number of people below the poverty line, eliminating logistics problems in export-import operations, stabilizing agricultural production and solving other equally important problems that directly affected the world economy,” he stressed.

This year, the center plans to expand the provision of services for the professional development of business plans, a feasibility study in accordance with the requirements of international and local financial and credit institutions.

It is also planned to develop a new plan to improve the investment climate in Azerbaijan.

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