Country Partnership Framework for Azerbaijan for the Period FY16-FY20
The country partnership framework (CPF) for Azerbaijan covering the period FY2016-20, sets out the World Bank Group (WBG) support to the country on its path toward a sustainable, inclusive, and private sector-led growth underpinned by a diversified...
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| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/07/24733842/azerbaijan-country-partnership-framework-period-fy2016-20 http://hdl.handle.net/10986/23128 |
| Summary: | The country partnership framework (CPF)
for Azerbaijan covering the period FY2016-20, sets out the
World Bank Group (WBG) support to the country on its path
toward a sustainable, inclusive, and private sector-led
growth underpinned by a diversified asset base. The
country’s strategic goals are laid out in its development
strategy - Azerbaijan 2020: vision for the future and other
strategic documents that aim at reducing Azerbaijan’s
dependence on oil and gas revenues and strengthening its
resilience to external shocks through investments into
diversified human capital, physical infrastructure, and
stronger institutions. The CPF builds on the WBG systematic
country diagnostic (SCD) for Azerbaijan and aligns its
objectives with the constraints and priorities identified in
the SCD. Over the past decade, Azerbaijan has made
remarkable progress toward reducing poverty and boosting
shared prosperity. In response to the emerging challenges
and the mounting depreciation pressures, the government
devalued the national currency and committed to fiscal
consolidation. The CPF takes into account the government’s
intention to optimize the external borrowing over the medium
term as part of the ongoing effort to maintain fiscal
sustainability. The CPF lending program will help Azerbaijan
in meeting its development objectives through engagement in
priority areas where the country’s ownership is strong,
where the WBG has a comparative advantage and where the
potential impact on the WBG twin goals is substantial. The
CPF will address the SCD connectivity agenda through
investments into the development of the county’s transport
and transit corridors as well as improvement of local
infrastructure at the community level. The CPF results are
grouped around two focus areas and eight objectives that aim
at improved public sector management and service delivery,
and enhanced economic competitiveness. |
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