Republic of Azerbaijan: Ex Post Assessment of Longer-Term Program Engagement
IMF Staff Country Reports, August 1, 2005
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- Republic of Azerbaijan: Ex Post Assessment of Longer-Term Program Engagement
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Bibliographic details
- Published: August 1, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802696.002
Macroeconomic performance and fiscal policy
- The staff report highlights macroeconomic performance and fiscal policy.
- Executive Directors underscored the need to maintain macroeconomic stability at a time when oil revenue is projected to increase substantially.
Structural reforms and progress
- Significant progress was achieved in:
- fiscal management,
- the privatization of small- and medium-size enterprises,
- trade and price liberalization.
Key challenges and policy priorities
- Principal challenges identified:
- achieving sustainable growth of non-oil output,
- diversifying the economy,
- reducing poverty,
- maintaining macroeconomic stability amid projected substantial increases in oil revenue.
Topics covered
- Exchange rates
- Expenditure
- Fiscal policy
- Foreign exchange
- Government debt management
- Oil, gas and mining taxes
- Public financial management (PFM)
- Taxes
International Monetary Fund. "Republic of Azerbaijan: Ex Post Assessment of Longer-Term Program Engagement", IMF Staff Country Reports 2005, 259 (2005).