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flag World Bank backs Azerbaijan's push for high-income status, focusing on diversification and innovation.

flag The World Bank supports Azerbaijan's aim to become a high-income country, focusing on building strong institutions, improving the investment climate, and enhancing education and workforce skills. flag Azerbaijan's economy has grown significantly over the past two decades, with a 3.8 times increase overall and a 3.7 times expansion in the non-oil sector. flag The World Bank and Azerbaijan's Central Bank aim to transition the economy away from resource dependency through innovation, digital transformation, and strategic investments, while avoiding the middle-income trap.

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