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.
Autores e editores
Edited by Aimee Hampel-Milagrosa, Aziz Haydarov, Kym Anderson, Jasmin Sibal, and Edimon Ginting
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.
As a multilateral development finance institution, ADB provides:
- technical assistance
Our clients are our member governments, who are also our shareholders. In addition, we provide direct assistance to private enterprises of developing member countries through equity investments and loans.