As stated by the ADB, the proposed Second Improving Governance and Public Sector Efficiency Program (IGPSEP II) aims to support Azerbaijan's transition to a more stable, inclusive, environmentally sustainable, and diversified market economy by (i) strengthening fiscal management, (ii) improving the governance and operations of state-owned enterprises (SOEs), and (iii) deepening private sector participation and green economy initiatives.
The program is designed under a policy-based lending modality, with two subprograms. The programmatic approach has been chosen as the appropriate modality for logically sequencing structural reforms under a multiyear framework, involving several agencies, as it provides flexibility for dynamic changes in the policy and macroeconomic environment. While subprogram 1 focuses on improving the legal, regulatory, and institutional framework, subprogram 2 supports measures for (i) effective and transparent fiscal and debt management, (ii) professional management and improved performance of SOEs, (iii) promotion of private sector development and access to finance, and (iv) climate-sensitive policy-making and green economic activities. The subprograms will improve the allocative efficiency of public and private resources.
The ADB categorized the risks of the project as follows:
ADB Team Leaders:
Çigdem Akin - Principal Public Management Economist, CWPF, CWRD
Nail Valiev - Senior Economics Officer, AZRM, CWRD
No contacts provided at the time of disclosure.
Executing Agency - Ministry of Finance
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.