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Begin New Search Political Geography Global Focus Author Rashad Hasanov

1. The Business environment: economic reforms in the context of institutional shortcomings

Author:
Rashad Hasanov
Publication Date:
01-2019
Content Type:
Policy Brief
Institution:
Center for Economic and Social Development (CESD)
Abstract:
The existence of a well-functioning business environment is a key factor in the diversification of the economy, the efficient use of available resources and ensuring sustainable growth. The business environment, in its turn, should be regarded as a composite of conditions that incorporate quite complex components. If one or more of the composition components are not functioning appropriately, the result you will get is not adequate to the available capacity. The existence of contemporary institutions is the absolute requirement for a "good business environment", performing functions such as coordinating all other economic advantages, organizing appropriate arrangements, and risk management.
Topic:
International Affairs
Political Geography:
Global Focus

2. Azerbaijani Economy 2018: Results and Perspectives

Author:
Rashad Hasanov
Publication Date:
02-2019
Content Type:
Policy Brief
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Following the recession and stagnation of the economy of Azerbaijan in 2015-2017, a growth of 1.4% was recorded in 2018. Economic growth has been mainly driven by the following factors. Favorable foreign economic environment for Azerbaijan from the context of oil prices: the initial forecast of the oil prices by the Azerbaijani government at the beginning of 2018 was 45 US dollars per barrel. Then, during the second half of the year, the forecast was adjusted to 55 US dollars per barrel. However, the actual price of one barrel of oil for the reporting period was above 71 US dollars (29% higher than forecasted)…
Topic:
International Affairs
Political Geography:
Global Focus

3. New Debt Policy in Azerbaijan: Hopes, Realities, Risks and Perspectives

Author:
Rashad Hasanov
Publication Date:
09-2018
Content Type:
Policy Brief
Institution:
Center for Economic and Social Development (CESD)
Abstract:
From the second half of 2014, Azerbaijani public debt increased considerably along with several new challenges facing the domestic economy. During this period, the ratio of foreign debt to GDP rose from 8.6% (01.01.2015) to 22.8% (01.06.2018). The increase was 3.4 billion US dollars in nominal terms. At the beginning of 2018, Azerbaijan’s public debt amounted to 10 billion 100 million US dollars, while the value of loans taken with state guarantees reached 12 billion 682 million US dollars, raising the ratio of debt to GDP to 55%. The increase in the debt burden, particularly external debt liabilities, has caused concern both in the local community and in the government. Specifically, the deterioration of the financial situation of publicly-funded state institutions has raised the likelihood that the debt burden on this category will turn into a fiscal burden. As a result, the “Medium and long-term strategy for public debt management in the Republic of Azerbaijan” was approved on 24.08.2018
Topic:
International Affairs
Political Geography:
Global Focus