Top official: Azerbaijan will expand young people's chances for mortgage

Azerbaijan's state youth policy is based on national leader Heydar Aliyev's policy, Head of the Azerbaijani Presidential Administration's Social and Political Department Ali Hasanov said at a general meeting of young scholars at the Azerbaijani National Academy of Sciences on Wednesday.

"Immediately after returning to power in 1993, Heydar Aliyev raised the Azerbaijani youth's problems at the level of the state policy," he said. "Earlier, the Azerbaijani youth's position was so terrible that it was actually used against the country. By providing Azerbaijani youth with arms, certain camps attracted it to struggle for power against the country, rather than to protect the lands and to develop science, education, culture."

"The first ministry, created by National Leader Heydar Aliyev in 1994, was the Ministry of Youth," Hasanov added.

"The Ministry of Youth and Sport, which reveals Azerbaijani youth's problems, looks for the ways to solve them, directs the efforts of the country and the society to search for these solutions, was established," he said. "Maybe, Azerbaijan, Azerbaijani youth, Azerbaijani army and future of the nation formed a large part of National Leader Heydar Aliyev's activity. So, it is easy for President Aliyev to direct these young people today, whose foundation has been laid correctly, which is the country's leading force, which will be able to govern the country and to solve its problems in the future."

"President Aliyev put forward a new concept of mortgage loan issuing at an enlarged meeting of the Cabinet of Ministers in early 2013," Hasanov added.

"This concept envisages the simplification of the mortgage loan issuing to young scholars, youth, the cancellation of an initial charge or long-term loan delivery for an initial charge," he said. "A mortgage loan issuing procedure must be simplified. It is necessary to increase the number of banks and mortgage loans. At present, the country's strategic currency reserves reach $50 billion. Around $5 billion of these funds is sufficient for Azerbaijan's entire young generation to receive loans and improve living conditions."

"The orders, given by the Azerbaijani President at a meeting of the Cabinet of Ministers, refer to the banking sector, the Ministry of Economic Development, as well as the public programs on science and those connected with the development of young people," he said.

"I assure you that young people will be provided with favorable conditions for getting mortgage loans in the near future to improve their living conditions," Hasanov said.


/Trend/