Lecture notes_Strategic Road Map.docx

Efficient infrastructure investments will be kept at

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Efficient infrastructure investments will be kept at high level to strengthen Azerbaijan as a regional hub. In 2025, Azerbaijan will benefit from the Baku-Tblisi-Kars railway and Astara-Astara railway projects, as well as from the construction of Baku International Sea Trade Port. Azerbaijan’s diversified transport and logistics facilities will provide a foundation for an increased export outflows from the country. Digitalization in public administration, expanded coverage of electronic services promise transparent, accountable, efficient and forecasted perpectives for businesses. By 2025, closer participation of the private sector in infrastructure construction will be ensured and this will result in an increased economic efficiency. Introduction of international standards and certificates, efficient customs procedures with low customs duties based on profitable trade agreements, ‘Made in Azerbaijan’ brand will become an indicator of quality at international markets. Special investment offers will be made in order to attract foreign investors. Instead of being the key driving force for the economy, the public sector will focus primarily on the following three areas: - Creating facilities and conditions for the citizens of Azerbaijan – physical and intelectual property rights are protected (strengthened judicial institutions and the rule of law are preconditions for property rights protection – improved legislation, strengthened and transparent enforcement agencies), improve access to opportunities related to loans and provision of high quality infrastructure, simplification of administrative procedures; - Giving momemntum to economic growth through appropriate macroeconomic and regulatory framework – activities of state-owned enterprises will be closely monitored and managed. ;
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- Administrative governance enabling the tax revenues to spend in the most reasonable manner. Target outlook for the period after 2025 Target outlook for the period after 2025 provides for such strong competitive and inclusive economy, which will improve social welfare and achieve maximum possible human development. Primary pillars: Storng middle calss; Deep specialization on areas with competitive advantages; Effective integration with global economy; Ensuring national economic security; Developed infrastructure. Social welfare. Poverty will be eliminated; Access to high quality health services and education; Reasonable housing provision; Income difference between Baku and other regions will reduce from 50% per person to 40%. Harmonization with international education standards Three approaches for the solution of poverty problem: 1. Increasing the number of decent jobs,; 2. Targeted social support to people unable to meet their most basic needs; 3. Gradual increase the minimum salary which will reach almost 60% of the average salary.
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