Azerbaijan Republic: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Azerbaijan Republic

January 14, 2004

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Azerbaijan Republic: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Azerbaijan Republic, (USA: International Monetary Fund, 2004) accessed November 22, 2024

Summary

Macroeconomic performance continues to be strong, with double-digit real gross domestic product growth and low inflation. All quantitative and structural performance criteria have been met. Significant progress has been made in converting quasi-fiscal subsidies to fiscal subsidies. The government acknowledges the importance of developing a long-term oil revenue management strategy. The government will continue comprehensive structural reforms, including adoption of an automatic price adjustment mechanism for domestically sold oil and gas product prices, and adoption of the banking system and central bank laws.

Subject: Commodities, Expenditure, Monetary base, Money, Oil, Oil prices, Poverty, Poverty reduction, Poverty reduction strategy, Prices

Keywords: CR, Deficit, Draft budget, Fiscal policy, ISCR, Monetary base, Oil, Oil prices, Poverty reduction, Poverty reduction strategy, Staff appraisal, State support, VAT payment, VAT revenue

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/009
Stock No:

1AZEEA0012004
ISBN:

9781451802573
ISSN:

1934-7685

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