Challenges Targets Indicators Initiatives

 By 2030,  Between 1990  The State

 A large number of empower and and 2010, income Migration
people around the promote the inequality in Service also
world are now social, economic developed provides
considered and political countries services at
"unbankable." This inclusion of all, increased by 11% Azerbaijani
may be due to their irrespective of on average, when brand “ASAN
gender, social status, age, sex, population size is Service”
physical capacity, or disability, race, taken into centers
living in an area with ethnicity, origin, account. established in
poor infrastructure. religion or light of the
More financial economic or  Today, a large need for
institutions must other status. majority of increased
recognise this as a  By 2030, developing- transparency in
problem as well as an progressively country the activities of
opportunity in order to achieve and households— state agencies,
strengthen the sustain income more than 75% of provision of
financial and growth of the the population— services to
economic position of bottom 40 per live in citizens in a
those who are cent of the communities more
currently excluded population at a where wealth is qualitative,
from the system. rate higher than more unequally convenient and
 Reduce income the national distributed than it innovative way
inequalities. average. was in the 1990s. using modern
 Promote universal  Adopt policies,  As per the Asian innovations,
social, economic and especially fiscal, Development and ensuring
political inclusion. wage and social Bank, 5.9% of the satisfaction
 Ensure equal protection Azerbaijan's of citizens
opportunities and end policies, and population lived  Important work
discrimination. progressively below the national has been
 Responsible and well- achieve greater poverty line in carried out in
managed migration equality. 2016, which is terms of
policies.  Facilitate orderly, better than improving the
safe, regular and neighboring country’s labor
responsible Georgia and legislation in
migration and Armenia, which line with the
mobility of had 21.3 % and international
people, including 29.4 % of their norms and
through the populations standards,
implementation population living increasing
of planned and below the poverty wage income
well-managed line in 2016. of population,
migration and raising the
policies. salaries of
employees
working in the
areas financed
from the state
 budget, as well
as public
servants
(including the
special type of
civil service).

SDG 10: - Reduce inequality within and among countries

Income inequality is on the rise, with the wealthiest ten percent of the population receiving up to
40% of global income. The poorest 10% of the population earns between 2% and 7% of global
income. As population growth is taken into account, inequality in developed countries has risen
by 11%. The adoption of sound policies to empower the bottom percentile of income earners
and encourage economic inclusion of everyone, regardless of sex, race, or ethnicity, is needed
to address these widening disparities. Inequality of income is a global issue that necessitates
global solutions. This entails bettering the supervision and oversight of financial markets and
banks, as well as promoting development aid and foreign direct investment to areas with the
greatest need. Facilitating secure migration and mobility of people is also critical to closing the
gap.
 Evidence shows that, beyond a certain threshold, inequality harms growth and
poverty reduction, the quality of relations in the public and political spheres and
individuals’ sense of fulfilment and self-worth

 There is nothing inevitable about growing income inequality; several countries have
managed to contain or reduce income inequality while achieving strong growth
performance

 Income inequality cannot be effectively tackled unless the underlying inequality of

opportunities is addressed

 In a global survey conducted by UN Development Programme, policy makers from

around the world acknowledged that inequality in their countries is generally high and
potentially a threat to long-term social and economic development

 Evidence from developing countries shows that children in the poorest 20 per cent of
the populations are still up to three times more likely to die before their fifth birthday
than children in the richest quintiles

 Social protection has been significantly extended globally, yet persons with
disabilities are up to five times more likely than average to incur catastrophic health
expenditures

 Despite overall declines in maternal mortality in the majority of developing countries,

women in rural areas are still up to three times more likely to die while giving birth
than women living in urban centres

The above-mentioned reforms are aimed at reducing the pay gap between men and women,
as well as improving the social security of low-wage workers. The country's minimum wages
will be raised on a regular basis, the ratio of net minimum wage to net average wage will be
increased to 60%, in line with European requirements, and the country's unemployment rate
will be reduced.
In addition to the above, the above Decree provides for the issuance of state-guaranteed
soft loans in the amount of 682 million AZN by the Central Bank of the Republic of
Azerbaijan to banks in order to restructure delinquent loans of individuals with a principal
amount of 10,000 (ten thousand) USD in foreign currency or 17,000 (seventeen thousand)
AZN in national currency to banks at a 0.1 percent annual interest rate over a five-year term
(with a one-year grace period) in order for banks to issue these individuals soft loans at a
1% annual interest rate.
A lump sum payment of 11,000 AZN to the heirs of military servicemen who died for the
territorial integrity of the Republic of Azerbaijan is stipulated in the President's Decree of 19 April
2018 on enhancing the social security of family members of military servicemen who died for the
territorial integrity of the Republic of Azerbaijan. Payments to the heirs of 5,491 servicemen
were rendered in 2018.
The labour share of GDP, which includes salaries and social security transfers, rose from 16.1
percent to 18.0 percent between 2010 and 2017. (by 1.9 %). The population's total income has
nearly doubled in the last seven years, increasing from 25.6 billion AZN to 49.2 billion AZN. As a
result, the population's per capita income rose by 76.3 percent, from 2,866.1 AZN to 5,053.2
AZN.