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

Publication | August 2020

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.

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  • US$28.00 (paperback)

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.


  • Introduction
  • The Growth Diagnostics Framework
  • Strengthening Human Capital
  • Enhancing Infrastructure for Economic Diversification and Competitiveness
  • Transforming State-Owned Enterprises into Engines of Growth
  • Concluding Remarks
  • Appendixes

Additional Details

  • Agriculture and natural resources
  • Economics
  • Education
  • Finance sector development
  • Governance and public sector management
  • State-owned enterprises
  • Industry and trade
  • Social development and protection
  • Social protection - labor and employment
  • Azerbaijan
  • 212
  • 6 x 9
  • SGP200216-2
  • 978-92-9262-310-4 (print)
  • 978-92-9262-311-1 (electronic)
  • 978-92-9262-312-8 (ebook)

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