Shigeo Katsu: "World Bank to support reforms in pension/insurance system of Azerbaijan."

Salim Muslimov, Chair of Azerbaijan State Social Protection Fund, said the project implementation currently covers the whole country.


He said the work is under way to connect local network to regional network.


“Installation of the system is about to be completed. It is planned to purchase generators, servers and fire protection devices for provincial departments and, furthermore, public relations have been strengthened in local areas. We hope the World Bank will support the activities,” he added.


Muslumov also noted that pension and social insurance reforms are supported by the population of the country.


According to him, the reforms will continue to reduce the economic burden by increasing the number of the insured, preventing understatement of salary and effective calculations.


Shigeo Katsu said there has been a progress in pension and insurance system during the past four years and one of the achievements is that 80% of pensioners receive pension benefits by cards.

Expressing satisfaction with the implementation of the project, Shigeo Katsu said the Bank will continue to support reforms in Azerbaijan.


The World Bank Vice President will wrap up his visit on December 12. He is to meet with Prime Minister Artur Rasizade and Deputy Premier Ali Hasanov on December 11. He has met with the Minister of Economic Development Heydar Babayev, Minister of Finance Samir Sharifov, Chairman of the NBA Directors' Board Elman Rustamov and other senior officials.

/APA-Economics/