<div><h4>Description</h4><p><p>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 aligned with the country partnership strategy for Azerbaijan, 2019-2023 of the Asian Development Bank (ADB) and the operational priorities of ADB's Strategy 2030: (i) addressing remaining poverty and reducing inequalities; (ii) accelerating progress in gender equality; (iii) tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability; and (iv) strengthening governance and institutional capacity.</p><p>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.</p></p></div>

Second Improving Governance and Public Sector Efficiency Program (Subprogram 1)

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Second Improving Governance and Public Sector Efficiency Program Subprogram 1: Concept Paper

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