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612-822-4611
Azerbaijan: Moving Toward More Diversified, Resilient, and Inclusive Development

Azerbaijan: Moving Toward More Diversified, Resilient, and Inclusive Development

Paperback

Business GeneralEconomics

ISBN10: 9292623109
ISBN13: 9789292623104
Publisher: Asian Development Bank
Published: Oct 30 2020
Pages: 212
Weight: 0.86
Height: 0.58 Width: 6.00 Depth: 9.00
Language: English
Azerbaijan has set the course for the economy to reduce its dependence on oil by promoting new drivers of growth. This publication emphasizes the need for diversification, particularly in the agriculture, tourism, and manufacturing sectors.

By 2025, under the Strategic Roads Maps of the Government of Azerbaijan, a more diversified economy should take shape led by these three sectors. Bold reforms need to strengthen areas of the economy that could otherwise impede this transition, and policy makers must resolutely stay on the reform path. The core message of the publication is diversification toward non-oil sources of growth alongside efforts to reduce macroeconomic risks and the high cost of finance, make the education system responsive to the needs of the labor market, close infrastructure gaps, and help economically significant state-owned enterprises become more efficient.

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