Azerbaijan is implementing joint work to improve the education sector and its financing by the ministries of education and science, finance, the parliament, academia, etc., Country Manager for World Bank in Azerbaijan Sarah Michael said at the seminar on "The implementation on the Medium-Term Expenditure Framework (MTEF) and transition to the results-based budgeting in the Education Sector," Report informs.
She noted that Azerbaijan is part of the Medium Term Expenditure Framework (MTEF), which focuses on parallel work in four areas of public financial management (PFM).
Thus, the country has a mechanism for results-oriented financing of education, which is a very important achievement, she added.
The World Bank is proud to be part of this process, in which Azerbaijan is not alone, she said, noting that the education sector is especially important in the post-pandemic period, as many students have to catch up.