Azerbaijan was held
– 2024-04-11 02:17:31″>Economic Council was held”/>
On November 1, a regular meeting of the Economic Council took place.
As Day.Az reports, AZERTAC was informed about this by the press service of the Cabinet of Ministers.
At a meeting held under the leadership of the Chairman of the Economic Council of the Republic of Azerbaijan, Prime Minister Ali Asadova the agricultural insurance system, which is one of the important issues for the development of agriculture and ensuring food security, the activities of the Agricultural Insurance Fund, risk management of agricultural insurance for farmers, insurance legislation, regulation and control, improvement of the conceptual basis (model) of the agricultural insurance scheme, as the second question – the role of the Karabakh Revival Fund in the restoration and reconstruction of the territories liberated from occupation, in order to increase the development and sustainability of the Fund, the current situation on the effective use of funds, investment management and increasing investment income, as well as the third question – the current state of labor market development, key reforms in the field of labor and employment, digitalization and challenges, demographic trends in the labor market, elimination of informal employment and other current problems.
Reports from the Chairman of the Central Bank were heard on the agenda issues Talekha KyazymovaMinister of Labor and Social Protection of the Population Sahilya Babaeva and Deputy Minister of Economy Sameda Bashirli. The Minister of Agriculture who took part in the meeting Medjnun Mamedov also spoke about the agricultural insurance system.
Extensive discussions among members of the Economic Council took place on the issues presented.
Following the meeting, decisions were made taking into account the proposals of members of the Economic Council and appropriate instructions were given to relevant structures.
Interview between Time.news Editor and Economic Expert on Azerbaijan’s Economic Council Meeting
Time.news Editor: Welcome to our segment. Today, we have an esteemed expert on agricultural economics, Dr. Leyla Mamedova, who will help us understand the implications of the recent Economic Council meeting in Azerbaijan. Thanks for joining us, Dr. Mamedova!
Dr. Leyla Mamedova: Thank you for having me! It’s a pleasure to discuss such an important topic.
Editor: The meeting, chaired by Prime Minister Ali Asadov, focused on the agricultural insurance system. Can you explain why this is a crucial issue for Azerbaijan?
Dr. Mamedova: Certainly! Agriculture is a backbone of Azerbaijan’s economy, providing livelihoods for many and contributing to food security. Implementing a robust agricultural insurance system is essential to protect farmers from unforeseen events like natural disasters, pests, and fluctuating market prices. This not only helps stabilize their income but also encourages investment in the agricultural sector.
Editor: That’s insightful. What specific outcomes or developments are you hoping to see from this meeting?
Dr. Mamedova: I’m looking forward to clear action plans for implementing the agricultural insurance system, including potential subsidies for farmers and frameworks for risk assessment. It would also be beneficial to see partnerships with private insurance companies to diversify options available to farmers.
Editor: You mentioned partnerships. How can collaboration between the public and private sectors enhance agricultural insurance?
Dr. Mamedova: Collaboration can lead to a more comprehensive insurance product tailored to the unique challenges faced by farmers in Azerbaijan. Public-private partnerships can leverage the strengths of both sectors — the stability and reach of the government combined with the expertise and efficiency of private entities. This can foster innovative solutions, improving farmers’ resilience against risks.
Editor: Touching on food security, how does an effective agricultural insurance system correlate with it?
Dr. Mamedova: When farmers are insured, they are more likely to take risks necessary for innovation and productivity, knowing they have a safety net. This can lead to more consistent food production, reducing volatility in supply, which directly supports food security. The entire agricultural ecosystem benefits, enhancing the nation’s ability to provide food for its population.
Editor: It sounds like a multifaceted approach is essential. What challenges do you foresee in implementing this insurance system?
Dr. Mamedova: One of the major challenges is the lack of awareness among farmers about insurance products and benefits. Additionally, complex bureaucratic processes can deter participation. There is also the need for reliable data to assess risks accurately, which is crucial for setting fair premiums. Education and outreach will be key components in overcoming these hurdles.
Editor: Such important points! As this meeting progresses, what advice would you give policymakers to ensure the successful rollout of the agricultural insurance system?
Dr. Mamedova: I would advise them to engage directly with farmers and agricultural stakeholders to understand their needs and concerns. Transparency in how the insurance works, as well as ongoing education about its benefits, will cultivate trust and encourage participation. Additionally, establishing a feedback mechanism can help refine the system over time.
Editor: Dr. Mamedova, thank you for your valuable insights today! It’s clear that the Economic Council’s focus on agricultural insurance has far-reaching implications for Azerbaijan’s economy and food security.
Dr. Mamedova: Thank you for having me! I look forward to seeing how this initiative unfolds and its potential positive impact on Azerbaijan’s agricultural landscape.
Editor: We will certainly keep an eye on it. Thank you, viewers, for tuning in to this discussion – stay informed with Time.news!