The World Bank in Azerbaijan

Azerbaijan weathered the global economic crisis relatively well, with a solid rise in income and decrease in poverty. But while it withstood the crisis, the situation showed a need for a diversified economy, market-based policies and better social services.

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Anniversary

Celebrating Achievements

During the 25 years of partnership, the World Bank’s investment in the country totaled over US$ 3.5 billion.

Video

Improving People's Lives

Improving the living conditions and economic self-reliance of the most vulnerable populations in Azerbaijan.

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Cleaning Up Baku

A new solid waste management system set-up in Azerbaijan’s capital of Baku is the first of a kind in the South Caucasus.

Azerbaijan At-A-Glance

Azerbaijan is in the process of redefining its government structure following a Constitutional amendment in September 2016 making it a fully presidential republic and instituting new vice president positions. These changes come at a time when Azerbaijan’s economy is facing critical challenges due to the fall in oil prices, high inflation, and the crisis in the financial sector.

Overview

Country Data

Data

Projects in Azerbaijan

Trans-Anatolian Natural Gas Pipeline Project (US$ 400 mln)

TANAP will transport natural gas from a gas field in Azerbaijan to and across Turkey, and further to Europe, aiming to diversify Azerbaijan’s gas export markets and improve the security of the energy supply in Turkey and South Eastern Europe.

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Research

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Economic Update

Trade in Transition in Europe and Central Asia

Working Paper

Disaster Risks Profile - Azerbaijan

Doing business 2017

Equal Opportunity For All - Azerbaijan

Working Paper

Enhancing financial capability and inclusion in Azerbaijan

Azerbaijan in Figures

A combination of low commodity prices, declining remittances, weak domestic demand and increased political uncertainty undermined Armenia’s growth and fiscal position, and reversed the trend in poverty reduction in 2016. While the economy is expected to recover modestly over the medium term, the parliamentary and presidential elections slated for 2017-18 may delay progress on the structural reform agenda and undermine prospects for further poverty reduction. Read more...