Republic of Azerbaijan: 2023 Article IV Consultation-Press Release; and Staff Report

February 7, 2024

Preview Citation

Format: Chicago

Republic of Azerbaijan: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 23, 2024

Summary

Growth is moderating following a strong post-pandemic rebound, and inflation is easing. The near-term challenge is to resume fiscal consolidation following a temporary easing, and to ensure that inflation—which has recently returned to the target band—does not reignite amid external risks and domestic pressures. In the medium to long term, Azerbaijan’s biggest challenge is to reduce dependence on the hydrocarbon sector and advance private sector-led economic diversification.

Subject: Economic sectors, Fiscal policy, Inflation, International organization, Monetary policy, Oil prices, Oil sector, Prices, Revenue administration

Keywords: Asia and Pacific, Banking sector interest rate, Central Asia and the Caucasus, Europe, GDP estimate, Global, Inflation, Inflation risk, Monetary policy stance, Oil prices, Oil sector, Reserve assets adequacy, Summary data page

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/045
Stock No:

1AZEEA2024001
ISBN:

9798400265785
ISSN:

1934-7685

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