Publication: Azerbaijan - Country Partnership Framework for the Period FY25-29
Loading...
Date
2025-02-12
ISSN
Published
2025-02-12
Author(s)
Editor(s)
Abstract
This Country Partnership Framework (CPF) presents the planned engagement of the World Bank Group (WBG) in Azerbaijan over the next five years (FY25-29). The CPF is guided by the government’s strategy for socio-economic development for 2022-26 (SEDS) and the WBG’s most recent strategic analysis - including the 2022 Systematic Country Diagnostic (SCD) update, the 2022 Country Economic Memorandum (CEM), and the 2023 Country Climate and Development Report (CCDR) - and has been aligned with the critical elements of the WBG evolution roadmap. The design also benefitted from lessons learnt from previous engagements and from consultations with key stakeholders, including government counterparts, civil society organizations, development partners, and the private sector. The CPF was delayed from starting when the previous CPF ended (FY21) due to a long dialogue with the authorities over the program and overlapping crises. The Government of Azerbaijan has now confirmed its desire to re-invigorate its WBG engagement for the coming years. The CPF will have two high level outcomes (HLOs): (i) increased resilience and sustainability, and (ii) increased productivity and better jobs.
Link to Data Set
Citation
“World Bank. 2025. Azerbaijan - Country Partnership Framework for the Period FY25-29. © World Bank. http://hdl.handle.net/10986/42802 License: CC BY-NC 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Country Partnership Framework for Croatia for the Period FY25-FY30(Washington, DC: World Bank, 2025-06-18)Over the past decade, Croatia has demonstrated significant progress in economic development and improvement in living standards for its citizens. Economic performance during this period, including the country’s strong recovery following its pandemic-induced recession, was underpinned by sound economic management and notable reforms. Growth benefited significantly from the tourism sector rebound, which accounted for 19 percent of gross domestic product (GDP) in 2024. In addition, significant inflows of European Union (EU) funds during 2020-24, cumulatively totaling around 19 percent of 2023 GDP, helped boost public investment and economic growth. Croatia’s growth has contributed to substantial progress in living standards, with GDP per capita in purchasing power parity (PPP) terms increasing from 60.7 percent of the average EU27 level in 2015 to 76.8 percent in 2024. However, in order to sustain strong growth and progress on shared prosperity and poverty reduction, Croatia needs to tackle several fundamental challenges. First, Croatia needs to increase the overall productivity of its economy by boosting private sector investment, promoting diversification of the economy toward higher value-added sectors, and addressing remaining business environment challenges that reduce dynamism in the market. Second, Croatia needs to contend with demographic challenges that are contributing to shortages of labor with the skills required to sustain growth. Third, as a country with rich environmental endowments that also underpin its large tourism sector, Croatia needs to decouple its growth from environmental pressures associated with water use and air pollution and manage its significant exposure to extreme weather risks. This will require better management of natural resources, reducing pollution, and mitigating environmental and climate risks. Croatia also needs to increase energy efficiency and expand renewable energy sources to reduce risks associated with global energy price volatility and improve economic performance in key sectors. Finally, despite recent progress, further strengthening of institutions is needed to sustain economic and social development and enable Croatia to tackle its development challenges effectively. The FY25-FY30 CPF will have a strong knowledge focus and will further strengthen Croatia’s contribution to the global development agenda.Publication Armenia - Country Partnership Framework for the Period FY25-FY29(Washington, DC: World Bank, 2025-02-04)Armenia, a landlocked country in the South Caucasus with a population of three million, has registered important achievements over the past two decades. Between 2000–2023, Armenia achieved robust economic growth averaging 6.3 percent, above the average for Europe and Central Asia (excluding high-income countries). Growth has been accompanied by a structural transformation of the economy with a gradual shift from low-productivity agriculture toward industry and services (especially, tourism and Information and Communication Technology (ICT)). The country has achieved near eradication of extreme poverty and has registered important improvements in life expectancy, survival rates, school enrollment rates and other welfare measures, although the incidence of poverty remains high, considering Armenia’s income level, particularly in the rural areas. Armenia has a record of sound macroeconomic management and a stable financial sector. All these factors enabled Armenia to graduate from the International Development Association (IDA) in 2014 and be an upper middle-income country (UMIC) since 2019. Armenia became an IDA donor in 2023 and its Gross National Income per capita stands at US$7,330 in 2023. To build on these achievements, stem outward migration, and avoid the middle-income trap, Armenia will have to transition towards a growth model with a greater focus on job creation and resilience. 1Publication Romania - Country Partnership Framework for the Period FY25 - FY29(Washington, DC: World Bank, 2024-12-20)As the World Bank Group (WBG) is evolving, it remains a strategic partner for Romania in helping accelerate the pace and impact of the country’s national development efforts while pursuing opportunities to contribute to the global development agenda. The Romania Country Partnership Framework (CPF) for FY25-29 aims to maximize these opportunities. The CPF (i) supports Romania in closing selected development gaps and disparities and strengthening institutions; (ii) enables the WBG to innovate and co-create solutions that employ instruments of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) for a sophisticated high-income country (HIC) client that will generate globally replicable knowledge to help tackle national, regional, and worldwide global challenges; and (iii) leverages partnerships and operationalizes the One WBG Approach to amplify results. The CPF’s overarching goal is to promote prosperity and address inequalities in a livable Romania. The program prioritizes three high-level outcomes (HLOs): (i) improved human capital outcomes; (ii) better jobs in a more competitive economy through unlocking private investment; and (iii) increased resilience and an accelerated green transition. The CPF maintains a transversal focus on enhancing institutions to serve all people and businesses.Publication Namibia - Country Partnership Framework for the Period of FY25-FY29(Washington, DC: World Bank, 2025-01-15)This Country Partnership Framework (CPF) sets forth the World Bank Group (WBG) strategy for supporting Namibia’s goals to reduce poverty and inequality as outlined in its national development plans. Although the WBG has historically had a limited engagement in Namibia, the authorities have signaled interest in an expanded role for the WBG, including International Bank for Reconstruction and Development (IBRD) financing and International Financing Corporation (IFC) investment. In the context of what is hoped will be a growing engagement, the FY25-29 CPF outlines a strategy for supporting the government’s development aspirations featuring two High-Level Objectives (HLOs): (i) Increased job creation; and (ii) Improved access to quality services. The strategy anticipates IBRD lending of up to 400 million US dollars over FY25-26 and potential International IFC financing of up to 200 million over the CPF period, as well as advisory services targeting priority sectors where the WBG has a comparative advantage. Planned IBRD lending would be limited to selected State-Owned Enterprises (SOEs). The CPF builds on recent Advisory Services and Analytics(ASA), including a Systematic Country Diagnostic (SCD) and Country Private Sector Diagnostic (CPSD). The priorities set forth in this CPF have been endorsed by Namibia’s Cabinet and will support the priorities of the government as set forth in its Vision 2030, issued in 2004, the Second Harambee Prosperity Plan, 2020- 2025, and the upcoming National Development Plan 6 to be issued in March 2025.Publication Country Partnership Framework for the Philippines for the Period of FY2025-2031(Washington, DC: World Bank, 2025-06-16)This Country Partnership Framework (CPF) outlines the strategic approach to the WBG's engagement in the Philippines for FY25- 31. The CPF aims to improve the quality of life for all Filipinos by strengthening their capabilities and providing better opportunities, while minimizing volatility caused by shocks. The CPF contributes to the implementation of the WBG vision and mission identified in the Evolution Roadmap. The Philippines program focuses on contributing to eight of the fifteen WBG outcome areas: (i) protection for the poorest; (ii) no learning poverty; (iii) healthier lives; (iv) green and blue planet with resilient populations; (v) digital connectivity; (vi) more and better jobs; and (vii) more private investment. The program also tackles several of the global challenges identified in the Roadmap, including climate change adaptation, energy access, and enabling digitalization.
Users also downloaded
Showing related downloaded files
Publication Global Economic Prospects, January 2025(Washington, DC: World Bank, 2025-01-16)Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced-economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.Publication World Development Report 2024(Washington, DC: World Bank, 2024-08-01)Middle-income countries are in a race against time. Many of them have done well since the 1990s to escape low-income levels and eradicate extreme poverty, leading to the perception that the last three decades have been great for development. But the ambition of the more than 100 economies with incomes per capita between US$1,100 and US$14,000 is to reach high-income status within the next generation. When assessed against this goal, their record is discouraging. Since the 1970s, income per capita in the median middle-income country has stagnated at less than a tenth of the US level. With aging populations, growing protectionism, and escalating pressures to speed up the energy transition, today’s middle-income economies face ever more daunting odds. To become advanced economies despite the growing headwinds, they will have to make miracles. Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies pathways for developing economies to avoid the “middle-income trap.” It points to the need for not one but two transitions for those at the middle-income level: the first from investment to infusion and the second from infusion to innovation. Governments in lower-middle-income countries must drop the habit of repeating the same investment-driven strategies and work instead to infuse modern technologies and successful business processes from around the world into their economies. This requires reshaping large swaths of those economies into globally competitive suppliers of goods and services. Upper-middle-income countries that have mastered infusion can accelerate the shift to innovation—not just borrowing ideas from the global frontiers of technology but also beginning to push the frontiers outward. This requires restructuring enterprise, work, and energy use once again, with an even greater emphasis on economic freedom, social mobility, and political contestability. Neither transition is automatic. The handful of economies that made speedy transitions from middle- to high-income status have encouraged enterprise by disciplining powerful incumbents, developed talent by rewarding merit, and capitalized on crises to alter policies and institutions that no longer suit the purposes they were once designed to serve. Today’s middle-income countries will have to do the same.Publication Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication World Bank Annual Report 2024(Washington, DC: World Bank, 2024-10-25)This annual report, which covers the period from July 1, 2023, to June 30, 2024, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.Publication Women, Business and the Law 2024(Washington, DC: World Bank, 2024-03-04)Women, Business and the Law 2024 is the 10th in a series of annual studies measuring the enabling conditions that affect women’s economic opportunity in 190 economies. To present a more complete picture of the global environment that enables women’s socioeconomic participation, this year Women, Business and the Law introduces two new indicators—Safety and Childcare—and presents findings on the implementation gap between laws (de jure) and how they function in practice (de facto). This study presents three indexes: (1) legal frameworks, (2) supportive frameworks (policies, institutions, services, data, budget, and access to justice), and (3) expert opinions on women’s rights in practice in the areas measured. The study’s 10 indicators—Safety, Mobility, Workplace, Pay, Marriage, Parenthood, Childcare, Entrepreneurship, Assets, and Pension—are structured around the different stages of a woman’s working life. Findings from this new research can inform policy discussions to ensure women’s full and equal participation in the economy. The indicators build evidence of the critical relationship between legal gender equality and women’s employment and entrepreneurship. Data in Women, Business and the Law 2024 are current as of October 1, 2023.