IMF to help the state fund to strengthen the pension system
State Social Protection Fund (SSPF) enlisted the support of the International Monetary Fund (IMF), and their intention to support technically ongoing pension reforms.
According to a press release from the state fund, today held a meeting of the local head of the IMF mission to Raja Almarzogi SSPF chairman Salim Muslimov. It was about the technical support of the country's pension system.
According to R. Almarzogi, local State Fund shows the determination to create the pension-insurance system that meets international standards. IMF welcomes measures to improve success in collecting payments on obligatory state social insurance.
According to Muslimov, the government has presented innovative projects and amendments to the laws of Azerbaijan Republic "On Social Insurance" and "On labor pensions", which will contribute to the rapid advancement of reforms. - 17D -
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review