Republic of Azerbaijan: Staff Report for the 2011 Article IV Consultation

January 18, 2012

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Republic of Azerbaijan: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed November 22, 2024

Summary

Strong fiscal stimulus in Azerbaijan continued in 2011 triggered by unanticipated increases in global oil prices. The 2011 Article IV Consultation highlights that near and medium-term economic prospects are favorable and nonhydrocarbon growth could reach 6 percent in 2012. Executive Directors have endorsed that significant actions would be needed for Azerbaijan to maintain the record of high growth and significant poverty reduction. Given the limited horizon of hydrocarbon resources, the economy needs to be reoriented from its symbiotic dependence on natural resource revenues.

Subject: Commodities, Expenditure, External debt, Oil, Public debt, Revenue administration

Keywords: Broad money, CR, Deficit, Global, Government policy, Government spending, IMF staff estimate, ISCR, Lapse of time procedure, Manat, Manat exchange rate, Oil, Real GDP

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/005
Stock No:

1AZEEA2012001
ISBN:

9781463931872
ISSN:

1934-7685

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