SPOTLIGHT: INFFs and COVID-19
SPOTLIGHT: INFFs and COVID-19
Asia

Azerbaijan

In 2020, Azerbaijan will continue the development of its INFF with support from the UN Joint SDG Fund.

Azerbaijan’s economy is highly dependent on fossil fuels, which exposes the country to macroeconomic shocks linked to fluctuations in global energy prices. The INFF will be the first of its kind for Azerbaijan, enabling improved management and mobilisation of financing towards sustainable development and ensuring no one is left behind. The impact of the INFF will contribute to the acceleration of investments in green energy, support the creation of innovative businesses, including sustainable agriculture, while reducing economic inequalities and mitigating potential environmental risks associated with the extractive industry.

The Government of Azerbaijan is committed to designing and implementing critical reforms to reduce its dependence on the exports of fuel and mineral commodities, to mitigate potential effects associated with an extractive-based economy, such as the growth of inequality and climate change risks, and to shift its economic model to a green growth economy. The government is committed to strategic cooperation with the private sector and international community to co-design holistic policies and plans to scale-up SDG-aligned programmes, unlock green investments and to modernise the country's economic model.

For more details, visit the Joint SDG Fund website.

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The INFF Knowledge Platform has a growing library of INFF reports, briefs, case studies, tools and guidelines. Explore resources from Azerbaijan to gain greater insight into the country’s INFF process.

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