This paper discusses the status of financial inclusion, education, and literacy in Azerbaijan as well as measures to foster the development of SMEs, which currently have inadequate access to financial resources. The primary policy challenge faced by the government of Azerbaijan is defining its...

This paper discusses the status of financial inclusion, education, and literacy in Azerbaijan as well as measures to foster the development of SMEs, which currently have inadequate access to financial resources. The primary policy challenge faced by the government of Azerbaijan is defining its...

As a result of the analysis of budget risks and macro-fiscal forecasting, the evaluation of the sustainability of budget revenues, as well as the transparency and efficiency of expenditures, it is clear that the 2020 budget contains at least 20 weak points. The presence of weak points reduces...

You may have heard of the term rentier state. It means that state budget of a resource-rich country comprises mostly of oil revenues, not taxpayer money or for-profit companies. The term has been used to describe Arab countries during the oil boom in the 1970s.In a rentier state, the level of...

One of the political effects of natural resource development is an increase in state budget resources directed at modernization. However, in Azerbaijan, infrastructure modernization has taken an odd turn: the government has been funding special interests rather than public needs. Instead of...

The State Oil Fund of Azerbaijan is preparing for its 20th anniversary. However, there is nothing to celebrate: despite huge spending, the country's role as an economic leader in the region is declining and people are suffering from poverty and poor social services. Oil and gas revenues have...

This paper discusses the status of financial inclusion, education, and literacy in Azerbaijan as well as measures to foster the development of SMEs, which currently have inadequate access to financial resources. The primary policy challenge faced by the government of Azerbaijan is defining its...

The new issue of informational and analytical bulletin “Azerbaijan Economic Trends” has been published, where the dynamics, qualitative changes and tendencies that have taken place in the country's economy during the year 2009 are analyzed.Official statistical data and ERC alternative...