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WB talks about results of measures to develop human capital in Azerbaijan

Finance Materials 28 January 2021 15:20
WB talks about results of measures to develop human capital in Azerbaijan

Baku, Azerbaijan, Jan. 28

By Zeyni Jafarov - Trend:

The government of Azerbaijan has achieved a great deal in terms of human capital development, Fadia M. Saadah, World Bank Human Development Regional Director for Europe and Central Asia, said, Trend reports.

“Over the last five years, enrollment in higher education rose 21 percent,” Saadah said. “The introduction of mandatory health insurance supported an increase in the use of essential primary care level and improvements in efficiency.”

“Contributory pensions and poverty-targeted social transfers raised the incomes of the substantially, facilitating household-level investments in health and education,” World Bank Human Development Regional Director for Europe and Central Asia said.

“The World Bank Group remains committed to providing technical and financial support for operationalizing and implementing this ambitious strategy,” Saadah said.

“In Azerbaijan, human capital investments are the key to resilient growth in the era of COVID-19,” World Bank Human Development Regional Director for Europe and Central Asia said. “The World Bank Group will continue to support Azerbaijan through ongoing policy dialogue to strengthen the social protection system as a platform to improve human capital outcomes and households’ resilience to shocks.”

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