Republic of Azerbaijan: 2021 Article IV Consultation-Press Release; and Staff Report

December 22, 2021

Preview Citation

Format: Chicago

Republic of Azerbaijan: 2021 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The long-term fiscal position is unsustainable as oil resources are expected to run out by mid-century. The authorities have laid out strategic goals of accelerated yet sustainable socio-economic development over the next decade and are developing policy plans to that end.

Subject: Commodities, Economic and financial statistics, External sector statistics, Fiscal policy, International organization, Monetary policy, Oil, Oil prices, Prices, Public debt

Keywords: CPI data ROSC, D.c, External sector statistics, Fund Dept, Fund surveillance, Global, International Monetary Fund Washington, Oil, Oil prices, Safeguards assessment policy, Transparency policy

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/278
Stock No:

1AZEEA2021001
ISBN:

9781616359591
ISSN:

1934-7685

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