Azerbaijan: Recent Economic Developments

September 23, 1998

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Azerbaijan: Recent Economic Developments, (USA: International Monetary Fund, 1998) accessed December 27, 2024

Summary

This paper describes economic developments in the Azerbaijan Republic during the 1990s. Real GDP declined by more than 70 percent from 1992 to 1995, by which time high inflation had eroded real incomes, the exchange rate had weakened, and international reserves were nearly depleted. In early 1995, the authorities started a comprehensive stabilization program supported by the IMF’s Structural Transformation Facility. Fiscal and credit policies were tightened, while a number of structural reforms were introduced, mainly in the areas of exchange and trade liberalization.

Subject: Banking, Commodities, Economic sectors, Oil, Oil prices, Oil production, Oil sector, Oil, gas and mining taxes, Prices, Production, Taxes

Keywords: Asia and Pacific, Baltics, Broad money, Central bank, CR, Current account, Eastern Europe, Economic activity, Europe, Fiscal policy, Foreign direct investment, Gas and mining taxes, ISCR, Middle East, Oil, Oil fund, Oil prices, Oil production, Oil sector, Rate of return

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/083
Stock No:

1AZEEA0011998
ISBN:

9781451802528
ISSN:

1934-7685

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