Asia's Developing Future
Asia's Developing Future
Asian Development Bank Institute
Better financial literacy and inclusion would strengthen Azerbaijan’s financial sector
6 minutes Posted Sep 19, 2018 at 6:15 am.
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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.
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Read the working paper
https://www.adb.org/publications/financial-inclusion-financial-literacy-and-financial-education-azerbaijan
About the author
Gubad Ibadoghlu is a senior policy analyst at the Scientific-Research Institute at Azerbaijan State University of Economics, Baku.
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