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Friday, November 16, 2018

Azerbaijan becomes pilot country in World Bank framework

The World Bank is preparing a new, country partnership framework strategy for Azerbaijan, the World Bank's country manager said on Friday.

Larisa Leshchenko said that Azerbaijan will be a pilot country for the country partnership framework. The World Bank will use the new program as a replacement for the country partnership strategy.

"It will affect the time frame for the document preparation," Leshchenko said. "Earlier we planned to prepare the new strategy before autumn 2014 and now we expect the works on this document to be completed by winter 2015/2016."

Despite the changes in the document's format, the implementation will remain on a four-year schedule.

"CPF development will be based on the estimation of the existing CPS results, as well as on the systematic country diagnostic which will reveal all existing problems and gaps and classify them in accordance with their priority," Leshchenko said.

The goal of the program is to reduce extreme poverty in the country and to provide shared prosperity, allowing for the benefits of economic growth to be shared by as many people in the country as possible.

"It's necessary to solve the problem with pocket of poverty - those groups of citizens who don't have any income from general growth," Leshchenko said.