Launched in 2005, the project was designed to address the rapid decline in rural infrastructure and services.
Azerbaijan is in the process of redefining its government structure following a Constitutional amendment in September 2016 making it a fully presidential republic and instituting new vice president positions. These changes come at a time when Azerbaijan’s economy is facing critical challenges due to the fall in oil prices, high inflation, and the crisis in the financial sector.
TANAP will transport natural gas from a gas field in Azerbaijan to and across Turkey, and further to Europe, aiming to diversify Azerbaijan’s gas export markets and improve the security of the energy supply in Turkey and South Eastern Europe.
The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Countries can use it to assess how much income they are foregoing because of human capital gaps, and how much faster they can turn these losses into gains if they act now.