Bank Of Baku

World Bank’s “Pension and Social Security Project” in Azerbaijan to be completed next year

World Bank’s “Pension and Social Security Project” in Azerbaijan to be completed next year
# 02 April 2009 14:13 (UTC +04:00)
Baku. Ilhama Isabalayeva–APA. The Pension and Social Security Project carried out by World Bank and government of Azerbaijan will be completed in February, 2010.
WB allocated $10 mln credits for funding of $15-million project carried out since January, 2005, chief of the international cooperation department of the Ministry of Labor and Social Protection Elnur Sultanov told APA.
The government’s share in the project is %7.9 million. The project aimed to strengthen institutional potential of the local offices of the Ministry of Labor and Social Protection, technical supply of the regional and municipal centers of the ministry and repairing of some buildings.
The ministry was provided with software system for managing and realization of targeted social assistance. On-line applications were collected in data base, which provides information about non-assisted people, and regular recommendations were made for improvement of legislation in this field.
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THE OPERATION IS BEING PERFORMED