IMF Staff Country Reports

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

Publication Date:

February 7, 2024

Electronic Access:

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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.

Series:

Country Report No. 2024/045

Subject:

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

Frequency:

regular