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Progress on Poverty Reduction Strategy
The Government of Azerbaijan Submitted its Progress Report on Poverty Reduction Strategy to the International Monetary Fund (IMF). Last week, IMF Join Staff released its assessment of the progress report prepared by the government.
Click here to view the Progress Report
Click here to read IMF Join Staff Assessment of the Progress Report
The State Program for Poverty Reduction and Economic Development (SPPRED) was prepared with participation and input from international financial organizations and civil society. SPPRED was approved by the President of Azerbaijan in February 2003.
The main goals of the SPPRED are to: a) manage oil revenues, b) generate jobs and maintain macroeconomic stability and sustainable non-oil growth, c) improve access to services and infrastructure, and d) monitor outcomes and institutional capacity building.
This strategy is supported by the World Bank through its Poverty Reduction Support Credit (PRSC) and by Poverty Reduction and Growth Facility (PRGF) of the International Monetary Fund (IMF) under a three year, $119 million program.
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