Davos Economic Forum on Strategic Dialogue to Start in Azerbaijan

Davos Economic Forum on Strategic Dialogue to Start in Azerbaijan

The South Caucasus and Central Asia region has witnessed significant economic growth and development over the past decade. Individual countries have been at the forefront of this growth: Azerbaijan’s economy grew at double-digit rates over the past decade while Kazakhstan, along with other countries in the region, has made great strides in business capacity. Yet as a whole, the region has significant untapped potential given its natural resources and strategic location at the crossroads of Europe, Asia and the Middle East. The region boasts some of the largest untapped reserves of oil and gas globally and serves as a critical continental transit route, both of which underpin its importance to foreign partners. To fully realize this growth and development potential, however, the region’s key actors need to build resilient economies for the long term and put the region on a sustainable growth path. Doing so will require the region to anticipate and facilitate fast-evolving trends in the global economy.

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