Managing Oil Wealth: The Case of Azerbaijan

By Niko A Hobdari, Chonira E Aturupane, Eric Le Borgne, Koba Gvenetadze, John Wakeman-Linn, Stephan Danninger

April 21, 2004

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Niko A Hobdari, Chonira E Aturupane, Eric Le Borgne, Koba Gvenetadze, John Wakeman-Linn, and Stephan Danninger. Managing Oil Wealth: The Case of Azerbaijan, (USA: International Monetary Fund, 2004) accessed December 22, 2024

Summary

Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks of 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010. Although expected revenues over the next 20 years will be substantial, they are projected to return to 2004 levels by 2024. Managing this temporary windfall in a way that allows for economic diversification and increased living standards is the subject of this book, which provides extensive guidance based largely on lessons drawn from the experiences--mostly negative--of other countries.

Subject: Commodities, Environment, Expenditure, Fiscal policy, Natural resources, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Africa, Asia and Pacific, Deficit, Dutch disease phenomenon, Gas and mining taxes, Gas revenue, Government, ISI, Movement effect, Natural resource, Natural resource boom, Natural resources, Oil, Oil deficit, Oil prices, Oil revenue management, Oil wealth, SI, Sub-Saharan Africa, Windfall oil revenue

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

IMF Special Issues
Stock No:

ISIEA0022004
ISBN:

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