Better financial literacy and inclusion would strengthen Azerbaijan’s financial sector

Summary: 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 transcript https://bit.ly/2xtRsJx 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. Know more about ADBI’s work https://bit.ly/2PKHg64 https://bit.ly/2NUBP77