DEVELOPMENT CONCEPT “AZERBAIJAN - 2020: OUTLOOK FOR THE FUTURE” Project monetary policy in the country before the crisis, currency reserves that had been created and the forward management of financial risks. Along with that, the global crisis and its consequences necessitate the creation and strengthening of protective mechanisms against depressive scenarios in modern economic architecture. Along with traditional rescue financial funds, it is of special importance to take special anti-crisis measures that will be used in the state regulation of the economy, secure the diverse structure of the national economy and its ability to quickly adapt to new conditions. 5. In the current stage, one of the issues facing humanity and having a great influence on the public and political life of every country is the disruption of the ecological balance as a result of industrialization which has been speeding up worldwide for years. In the local and regional context, Azerbaijan’s ecological problems are mainly related to oil extraction carried out for decades with imperfect methods in the Absheron Peninsula and Caspian Sea without taking into account the ecological consequences. Apart from that, the mass extermination of flora and fauna in the country’s Armenianoccupied territories and large-scare arson fires on this territory have become one of the biggest ecological problems. The formation of a large amount of Azerbaijan’s freshwater reserves in neighbouring countries and their intensive contamination with chemical, radioactive and other harmful substances on the territory of these countries causes problems in supplying drinking water to the population. Apart from that, the Metsamor Nuclear Power Plant, which is located in the seismic zone in Armenia and is outdated from a technological point of view, is a source of danger for the entire region. As a manifestation of the environmental balance on the planetary scale, climate change and global warming are related to processes that can cause natural disasters (rivers bursting their banks, flooding of entire villages and cities, precipitation much higher than the norm, avalanches, etc.). All these are factors that directly affect the economic and social life of the country and need to be taken into account in the process of preparing necessary policy measures. The experience of recent years shows that in order to effectively fight natural disasters and their consequences, the state should prioritize relevant activities in emergencies and the establishment of rapid reaction mechanisms for the social security of the population in such situations. At the same time, while drafting and implementing infrastructure projects in regions of the country, the high likelihood of natural disasters should be taken into account, and relevant requirements should be considered while designing and building infrastructure facilities of vital importance to ensure that they keep their functionality as required. 8

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