Research Information System
5th INTERNATIONAL CONFERENCE on LIFELONG EDUCATION AND LEADERSHIP FOR ALL , Baku, Azerbaijan, 9 - 11 July 2019, pp.989-993, (Full Text)
The main purpose of the article is to substantiate the necessity of increasing the financial literacy of the population, to analyze and evaluate the economic aspects of financial literacy and functional relationship, and to develop recommendations for further enhancement of reforms in this direction as one of the most important priorities of sustainable development in Azerbaijan. For this purpose, the factors necessary for increasing the financial literacy in the context of global changes are analyzed and systematized, the means for implementation of basic financial literacy is identified and the global initiatives in the field of financial enlightenment is estimated in the article. Investigating the development of Azerbaijan in this field, the author emphasized the increasing financial literacy of the population as one of the main tasks of the state and financial market participants in the modern world and looked through ways to achieve this goal. The implementation of the project on increasing the financial literacy of the population in Azerbaijan was considered and the National Strategy on financial literacy was considered worthy. According to the author of the article, all areas of financial literacy have been covered in the article and it is not only a social issue, but an economic one. The article also outlines the strategic goal of raising financial literacy in the "Strategic Road Map on Development of Financial Services in the Republic of Azerbaijan and highlighted the importance of financial literacy, and suggestions have been made on future measures to increase financial literacy in Azerbaijan. Keywords: Financial literacy, Sustainable development, Market.