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BAKU, Azerbaijan, January 23. The latest international
shocks and crises have significantly impacted the economies of low
and middle-income international locations.
Latest research on poverty traits have proven a worrisome
scenario. The COVID-19 pandemic has been a key consider an
unprecedented setback to international poverty discount efforts, inflicting
probably the most vital enhance in poverty ranges within the historical past of
poverty monitoring.
In response to information from 2023, 1.1 billion out of 6.1 billion
folks in 110 international locations reside in circumstances of acute
multidimensional poverty. In international locations with middle-income ranges,
this destructive development impacts 730 million folks.
Notably, among the many 17 UN Sustainable Growth Objectives (SDGs),
the highest precedence is the common eradication of poverty in all its
kinds. It is important to make sure social safety for weak
teams to successfully cut back poverty. Taking Azerbaijan as an
instance, the success components for social insurance policies applied over
the previous 20 years is obvious, in the end enabling the nation to
conquer poverty.
Thus, Azerbaijan’s poverty price decreased from 44.7 p.c in
2003 to five.2 p.c (by 8.6 instances) in 2023. In the meantime, the
inhabitants residing in poverty circumstances decreased sevenfold, from
3.7 million folks to 528,000 folks.
One of many central points in President Ilham Aliyev’s coverage is
the human issue. Any financial growth that doesn’t contribute
to bettering folks’s lives can’t obtain its aim. On this sense,
bettering social well-being and folks’s lives is without doubt one of the primary
targets of this coverage.
Important steps are being taken to enhance the residing
requirements, whether or not by growing wages, and pensions, or
enhancing the social safety system for low-income households –
these are achievements of the social coverage applied in
Azerbaijan.
Over the previous 20 years, social insurance coverage funds have elevated
18 instances, from 376 million manat ($221 million) to six.3 billion
manat ($3.7 billion). Social expenditures have elevated 19.3
instances, from 678 million manat ($398.8 million) to 13.1 billion
manat ($7.7 billion).
Throughout the above interval, pensions for martyr households in
Azerbaijan have elevated from 100 manat ($59) in 2007 to 600 manat
($352.9) in 2023, marking a sixfold enhance. The annual sum of
pensions has elevated from 194 million manat ($114 million) in
2003 to five.7 billion manat ($3.3 billion) in 2023 (a 29.4 instances
enhance).
The typical month-to-month pension has elevated 18.2 instances, from 24
manat ($14) in 2003 to 436 manat ($256) in 2023. The minimal
month-to-month pension quantity has elevated 14 instances over the previous 20
years, from 20 manat ($11.7) to 280 manat ($164.7). The typical
month-to-month quantity of focused social help has elevated from 37
manat ($21.7) in 2007 to 485 manat ($285.29) in 2023 (a 13 instances
enhance).
Actually, additional enchancment in folks’s well-being goes
past simply growing salaries, pensions, and allowances. Certainly one of
probably the most essential points on this route is making certain employment
for the inhabitants.
Luckily, unprecedented achievements in financial growth
in recent times have created circumstances for the profitable
implementation of this aim.
Azerbaijan is successfully fixing unemployment points, taking
vital steps on this route. Since 2004, because of the
profitable implementation of provisions outlined in adopted state
applications associated to the socio-economic growth of the areas
of Azerbaijan, sustainable growth of the non-oil sector of the
economic system has been ensured.
The quantity and high quality of the availability of communal companies and
social infrastructure within the areas have elevated, large-scale
initiatives in precedence areas have been applied, and funding
route has led to the opening of latest enterprises and jobs.
Over the previous 20 years, the unemployment price has decreased by
3.7 proportion factors, from 9.2 p.c to five.5 p.c (from
400,900 folks to 286,400 folks).
Greater than 90 p.c of latest jobs are within the personal sector, with
a good portion created within the non-oil sector. The
predominant sectors embody development, manufacturing, processing
industries, provision of companies to the inhabitants, and different
areas.
The typical nominal month-to-month wage has elevated 12 instances, from
76.8 manat ($45) from January by November 2003 to 923.1 manat
($543) for a similar interval in 2023. The minimal wage has elevated
38 instances, from 9 manat ($5.29) in 2003 to 345 manat ($202.9) in
2023. The variety of employment contracts has elevated by 38.5
p.c, from 1.3 million in 2017 to 1.8 million in 2023.
Authorities applications geared toward socio-economic growth in
areas have performed an unprecedented function in poverty discount.
Balanced regional growth has led to the opening of quite a few
industrial, processing, and repair enterprises not solely in main
cities but additionally in rural areas. The problem of employment for
hundreds of individuals has been addressed by revitalizing forgotten
and degraded agricultural territories. Since 2004, tens of
hundreds of latest enterprises have opened within the areas, creating
thousands and thousands of jobs.
The recent-year initiatives, together with the implementation of the
self-employment program and the creation of presidency jobs, have
additionally contributed to poverty discount. Thus, folks, with the
help of the federal government, are establishing their very own
companies.
Employment has elevated by 25 p.c, from 4 million folks
in 2003 to 5 million folks in 2023. The variety of economically
lively inhabitants has grown by 20 p.c, from 4.4 million folks
to five.3 million folks. The annual quantity allotted for employment
applications has elevated from seven million manat ($4 million) in
2018 to 525 million manat ($308.8 million) by 2024 (a 75 instances
enhance).
To formulate a long-term state employment coverage geared toward
making certain efficient employment based mostly on present demographic traits
and the nation’s financial priorities, the ‘Employment Technique of
the Republic of Azerbaijan for 2019-2030’ was permitted by the
decree of President Ilham Aliyev on October 30, 2018.
On October 2, 2023, President Ilham Aliyev, addressing the
opening ceremony of the 74th Worldwide Astronautical Congress,
famous that the honest distribution of nationwide wealth right this moment is seen
by worldwide consultants and most significantly by the folks of
Azerbaijan.
“One of many massive challenges to start with of our independence
was poverty, which was endemic. 20 years in the past, the proportion of
folks residing in poverty was near 50. Now it’s 5.5%, which
truly demonstrates that pure sources, which we collected
and which we delivered to worldwide market have been correctly managed.
And the honest distribution of nationwide wealth right this moment is seen by
worldwide consultants and most vital by the folks of
Azerbaijan. So, all these truly exhibit that the nation is
well-established. Political, financial and social stability is an
vital issue of our growth, as a result of it is clear that if
scenario will not be steady and isn’t predictable, you can’t anticipate
traders to return and to threat their capital,” mentioned the top of
state.
Azerbaijan’s achievements within the social sphere are the results of
complete reforms and the implementation of a multi-level
system of social help for weak inhabitants teams. Of
course, with no robust and sustainable economic system, it is not possible
to make sure an enchancment in the usual of residing and the welfare
of the inhabitants.
Because of a visionary and multifaceted financial coverage,
Azerbaijan is now on the heart of regionally vital initiatives,
thereby making certain a circulation of funds into the nation. It is the honest
and rational distribution of state funds right this moment that has allowed
Azerbaijan to realize the best leads to the implementation of
social insurance policies, with a deal with the human issue.
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