Exploring economic diversification in Azerbaijan

Guest blog by Gasimli Vusal

This is a blog series written by the alumni of the Leading Economic Growth Executive Education Program at the Harvard Kennedy School. 65 Participants successfully completed this 10-week online course in May 2021. These are their learning journey stories.

“Leading Economic Growth” program gave us the know-how we can start implementing to promote economic growth in our city, region, or country at this difficult time. Staff ensured us that the more we invest, the more we will derive from the program. 

My country, Azerbaijan, tripled its economy during the last 15 years and aims to double its economy relying on non-oil sector in the next 10 years. In post-conflict and post-pandemic period, accelerating growth is major target of Azerbaijan’s five national priorities outlined in the country’s “2030 Strategy,” which has been based on the United Nations’ “Transforming our World: The 2030 Agenda for Sustainable Development”. After the peace agreement between Armenia and Azerbaijan in November 2020, the latter immediately set to work on the decontamination, reconstruction, rehabilitation and reintegration of liberated Karabakh, which had suffered enormous destruction over the course of the occupation over the last 30 years. Reintegration of newly-released territories and 6 percent population growth perspective by 2030 create new opportunities and challenges from growth perspectives.

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