Azerbaijan's government established a national oil fund in 1999 to address the challenges associated with oil-rich countries, such as addressing revenue fluctuations, saving for future generations and investing in development. However, as described in precept 7 of the Natural Resource Charter, a...

The Azerbaijani economy is facing a massive crisis due to the systemic failure of the government to enact reforms. Global oil prices drop and the COVID-19 pandemic is widening the chasm between the haves and have-nots