Azerbaijan, Kazakhstan Share Economic Management Experience
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Senior officials from the Ministry of Economic Development visited their Kazakh counterparts to learn from their economic management experience
Photo Credit: Ramil Maharramov |
In October 2007, USAID’s Public Investment Policy (PIP) Project facilitated an educational study tour for a group of six high-level officials from Azerbaijan’s Ministry of Economic Development (MOED) to Astana, Kazakhstan. The MOED delegation, headed by Deputy Minister Sevinj Hasanova included department and division chiefs in charge of macroeconomic forecasting and public investment. The purpose of the tour was to learn more about the progress achieved in Kazakhstan through efficient planning, fiscal and investment policies. Kazakhstan’s experience is valuable due to regional and traditional economic, political and social similarities, as well as for its notable experience in placing rigid discipline in public investment project preparation. Its experience as a resource-rich country and its management of vast oil and gas revenues is particularly relevant for Azerbaijan.
During the study tour, the delegation held a series of meetings with high level officials and technical staff at the Ministry for Social Protection and Labor, the Ministry for Economy and Budget Planning, Ministry for Industry and Trade, the Ministry of Education, the President’s Stipend Program for Education Abroad, “Kazina” the Fund for Sustainable Development, “Samruk” the Holding for the Management of the State Assets, and the Center for Economic Research.
MOED officials said they learned a great deal from the informational exchange, noting that the experience of Kazakhstan and lessons learned were very useful as they reform public investment planning and programming in Azerbaijan.
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