Stories tagged with Baku

Feb 2, 2013 AZ Azerbaijan

Dimitri Zakharov | KF20 | Azerbaijan

Something big is happening here – and you don’t know anything about it.

As I explained in my last post, Azerbaijan has amassed great wealth due to its reserves of oil.  It is the third largest oil producing country out of the CIS nations and the government oil fund, Sofaz, currently sits on $33.9 billion.  After the breakup of the Soviet Union, Azerbaijan took on a staggering initiative of modernization in order to shed its Soviet past and remake its own Azeri identity.

The frontline of... Continue Reading >>
Feb 2, 2013 AZ Azerbaijan
Dimitri Zakharov | KF20 | Azerbaijan

It’s been 2 weeks since my arrival in Azerbaijan for my Kiva Fellowship and every day I grow more confused. 
 
Serving in Azerbaijan is a very different experience from the typical Kiva Fellow placement.  The scenes here of the capital, Baku, aren’t the stereotypical poverty we envision in Africa or south Asia.  By World Bank figures, Azerbaijan is wealthier than more than 54% of the world’s countries; amongst Kiva’s portfolio countries (which include the U.S., Israel, and Mexico... Continue Reading >>