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Economic and social reforms in Azerbaijan highly appreciated in international arena

Economic and social reforms in Azerbaijan highly appreciated in international arena

Economy
14 July 2020, 15:52 80
According to experts, the reforms lay the groundwork for this development to continue in the coming years
 
Azerbaijan has ranked 54th in the Sustainable Development Goals (SDG) index among 166 countries of the world, according to the Sustainability Report for 2020 published by the United Nations. Our country has taken 54th place, leaving behind all its neighbors. In the report, Russia ranks 57th, Georgia – 58th, Iran – 59th, Kazakhstan – 65th, Turkey – 70th, Armenia – 75th, and Turkmenistan – 114th. Azerbaijan has made progress on such sustainable development goals of the UN as health, welfare, poverty alleviation, nutrition, clean drinking water, energy, sustainable cities and communities, peace, justice, and strong institutions. Azerbaijan scored 72.6 points out of 100 possible in the SDG index. For comparison: in Eastern Europe and Central Asia, the average score for the SDG index is 70.9 points. According to the report, the low-income class people with a daily income of less than $3.2 were not registered in Azerbaijan. The Gini coefficient, which expresses the level of economic inequality in society, is 38.6 in Azerbaijan and is one of the best in the world. The Azerbaijani president had earlier taken the initiative to hold a special UN session. This once again shows that Azerbaijan, which is the regional leader under the leadership of President Ilham Aliyev, plays an important role in establishing and implementing the global agenda.
Economist, MP Vugar Bayramov noted that the UN's Sustainable Development Goals Report 2020 is considered one of the world's leading reports, as it takes different indicators into account. "This report reflects the results of reforms in both the economic and social spheres, as well as macroeconomic indicators. It is gratifying that Azerbaijan is considered a leader in the region in the UN Sustainable Development Goals Report 2020. We are also ahead of Russia and Turkey, countries considered leaders in the region. At the same time, Azerbaijan's score is higher than the average for Central and Eastern Europe and Central Asia, which indicates that Azerbaijan is compared with Central and Eastern European countries in the report. The economic and social reforms implemented under the leadership of the President allow for economic development, sustainability, and inclusion, as well as new opportunities to strengthen social security. In 2019, two social packages were introduced at the initiative and under the leadership of President Ilham Aliyev and First Vice-President Mehriban Aliyeva. These packages resulted in a nearly twofold increase in the minimum and average monthly salary, which further improves the social indices and further strengthens the social security of our citizens. Despite the impact of the pandemic in 2020 and high volatility in the global oil market, social programs are being implemented, which proves sustainable development is a priority for Azerbaijan. The reforms lay the groundwork for this development to continue in the coming years,” he said.
MP Azer Badamov said that this figure proves the correctness of our state policy. "Azerbaijan ranked 54th in the UN Sustainable Development Goals Report 2020. This report defines our level of development among 166 countries. Of course, several important points are researched and studied in detail by international experts. Several economic development programs have been implemented in our country over the years. These programs have covered all areas and improved our position in the report. This report once again proves the high position of Azerbaijan. The UN Sustainable Development Goals Report 2020 sheds light on today’s reality. The welfare of the Azerbaijani citizen is the basis of our state policy. The results of the work done are highly appreciated in the international arena. According to the UN Sustainable Development Goals Report 2020, we can say that the Azerbaijani economy is experiencing its development period,” the MP noted.
Economist Rashad Hasanov said that Azerbaijan has the potential to achieve even more serious results. "Sustainable Development Goals Report 2020 shows the level of implementation of a strategy adopted by the UN and its member states in 17 different areas. Such rating reports are an indicator of the current situation. Based on these rating reports, investors make decisions by comparing different economies. Therefore, it is important to improve our position in this report. Azerbaijan's positive position in this report proves that the government is moving forward in its priority areas,” he said.
 
Shabnam Mehdizade