Show notes
The drop from peak oil prices is testing Azerbaijan’s economy and its people’s ability to adjust to a more modern financial system.For the decade from 2006 to 2016, few economies were as dynamic as Azerbaijan’s. Petroleum reserves brought boom times and the economy grew by 35% in the year 2006 alone.But the prosperity concealed a troubling undercurrent.When oil prices began dropping beginning in 2014, Azerbaijan’s economic resilience was tested.Read the transcripthttps://bit.ly/2xtRsJxRead the working paperhttps://www.adb.org/publications/financial-inclusion-financial-literacy-and-financial-education-azerbaijanAbout the authorGubad Ibadoghlu is a senior policy analyst at the Scientific-Research Institute at Azerbaijan State University of Economics, Baku.Know more about ADBI’s workhttps://bit.ly/2PKHg64https://bit.ly/2NUBP77



