Podcasts Government Asia's Developing Future Better financial literacy and inclusion would strengthen Azerbaijans financial sector

Better financial literacy and inclusion would strengthen Azerbaijans financial sector

Published: Sept. 19, 2018, 6:15 a.m.

The drop from peak oil prices is testing Azerbaijan\u2019s economy and its people\u2019s ability to adjust to a more modern financial system.\n\nFor the decade from 2006 to 2016, few economies were as dynamic as Azerbaijan\u2019s. Petroleum reserves brought boom times and the economy grew by 35% in the year 2006 alone.\n\nBut the prosperity concealed a troubling undercurrent.\n\nWhen oil prices began dropping beginning in 2014, Azerbaijan\u2019s economic resilience was tested.\n\nRead the transcript\nhttps://bit.ly/2xtRsJx\n\nRead the working paper\nhttps://www.adb.org/publications/financial-inclusion-financial-literacy-and-financial-education-azerbaijan\n\nAbout the author\nGubad Ibadoghlu is a senior policy analyst at the Scientific-Research Institute at Azerbaijan State University of Economics, Baku.\n\nKnow more about ADBI\u2019s work\nhttps://bit.ly/2PKHg64\nhttps://bit.ly/2NUBP77