Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment

Consumer protection is an important element of financial sector stabilization and development agenda in Azerbaijan. The falling oil prices and weaker macroeconomic fundamentals on top of the negative external shocks have led to devaluation of the n...

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Main Author: World Bank Group
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2016/08/26681091/enhancing-financial-capability-inclusion-azerbaijan-demand-side-assessment
http://hdl.handle.net/10986/24955
id okr-10986-24955
recordtype oai_dc
spelling okr-10986-249552021-05-25T08:51:09Z Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment World Bank Group financial literacy financial inclusion financial capability consumer protection Consumer protection is an important element of financial sector stabilization and development agenda in Azerbaijan. The falling oil prices and weaker macroeconomic fundamentals on top of the negative external shocks have led to devaluation of the national currency and erosion of public trust in financial sector. Restoring financial stability, renewing public and investor confidence and mobilizing higher savings to finance growth are the top priorities of Azerbaijan policy makers. The authorities increasingly discuss the issues of consumer and depositor protection, responsible lending and finance access. To support Azerbaijan in its efforts to advance financial capability, the WBG has implemented a nationally representative financial capability survey of the adult population in Azerbaijan. This survey will inform the development of a detailed implementation action plan for the national financial literacy strategy. Moreover, it will help the authorities to set quantifiable and concrete targets, and assess the effectiveness of future financial capability enhancing programs. Chapter 1 explores the financial inclusion landscape in Azerbaijan. Chapter 2 gives an overview of levels of financial capability in Azerbaijan, in particular about their financial knowledge, attitudes and behaviors. The last chapter investigates if the products are effectively meeting their needs of financially included individuals. 2016-08-25T21:43:19Z 2016-08-25T21:43:19Z 2016-05-01 Report http://documents.worldbank.org/curated/en/2016/08/26681091/enhancing-financial-capability-inclusion-azerbaijan-demand-side-assessment http://hdl.handle.net/10986/24955 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Europe and Central Asia Azerbaijan
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic financial literacy
financial inclusion
financial capability
consumer protection
spellingShingle financial literacy
financial inclusion
financial capability
consumer protection
World Bank Group
Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment
geographic_facet Europe and Central Asia
Azerbaijan
description Consumer protection is an important element of financial sector stabilization and development agenda in Azerbaijan. The falling oil prices and weaker macroeconomic fundamentals on top of the negative external shocks have led to devaluation of the national currency and erosion of public trust in financial sector. Restoring financial stability, renewing public and investor confidence and mobilizing higher savings to finance growth are the top priorities of Azerbaijan policy makers. The authorities increasingly discuss the issues of consumer and depositor protection, responsible lending and finance access. To support Azerbaijan in its efforts to advance financial capability, the WBG has implemented a nationally representative financial capability survey of the adult population in Azerbaijan. This survey will inform the development of a detailed implementation action plan for the national financial literacy strategy. Moreover, it will help the authorities to set quantifiable and concrete targets, and assess the effectiveness of future financial capability enhancing programs. Chapter 1 explores the financial inclusion landscape in Azerbaijan. Chapter 2 gives an overview of levels of financial capability in Azerbaijan, in particular about their financial knowledge, attitudes and behaviors. The last chapter investigates if the products are effectively meeting their needs of financially included individuals.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment
title_short Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment
title_full Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment
title_fullStr Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment
title_full_unstemmed Enhancing Financial Capability and Inclusion in Azerbaijan : A Demand-Side Assessment
title_sort enhancing financial capability and inclusion in azerbaijan : a demand-side assessment
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/08/26681091/enhancing-financial-capability-inclusion-azerbaijan-demand-side-assessment
http://hdl.handle.net/10986/24955
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