April 16, 2018

Statement on the Republic of Azerbaijan 2017 Article IV Consultation

On March 21, the Executive Board of the International Monetary Fund concluded on a lapse of time basis the consideration of the 2017 Article IV consultation for the Republic of Azerbaijan.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country authorities.

At present, the authorities need more time to consider the publication of the staff report and the related press release.

The last Article IV Executive Board Consultation was on September 9, 2016. Listed below are items related to Republic of Azerbaijan.

At a Glance

  • 2018 Projected Real GDP (% Change) : 2.0
  • 2018 Projected Consumer Prices (% Change): 7.0
  • Country Population: 9.706 million
  • Date of Membership: September 18, 1992
  • Article IV/Country Report: September 14, 2016
  • Special Drawing Rights (SDR): 95.81 million
  • Quota (SDR): 391.7 million
  • Number of Arrangements since membership: 4

Country Data

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