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Government House in winter in Baku, Azerbaijan

Government House in winter in Baku, Azerbaijan. iStockPhoto

Azerbaijan Local Office Site

IMF Local Office in Azerbaijan

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Azerbaijan and the IMF. Additional information can be found on Azerbaijan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Azerbaijan.

News — Highlights


Republic of Azerbaijan- Aide Memoire of Staff Visit

An International Monetary Fund (IMF) staff mission, headed by Raja Almarzoqi, visited Baku during November 8-15, 2013 to discuss recent economic developments, government policies and future prospects for the Azerbaijani economy. click for more

Statement at the End of an IMF Staff Visit to Azerbaijan

A staff team of the International Monetary Fund (IMF) led by Raja Almarzoqi visited Baku during November 8-15, 2013, to assess macroeconomic developments and pave the ground for the next Article IV Consultation mission in March 2014. click for more

Azərbaycanda 2013-ci il üzrə IV Maddə məsləhətləşmələrini aparmış missiyanın işinin yekunlarına dair Bəyanat

Mətbuat üçün Məlumat; 12 mart, 2013-cü il click for more

BVF əməkdaşlarının Azərbaycana səfərinin yekunlarına dair bəyanat

2012-ci il, 8-20 noyabr tarixində Beynəlxalq Valyuta Fondunun (BVF) missiyası ikin olaraq 2013-cü il fevral ayının sonuna planlaşdırılan IV Maddə üzrə növbəti Məsləhətləşmələr missiyasına hazırlıq məqsədilə, dövlətin iqtisadi siyasətini və Azərbaycan iqtisadiyyatının gələcək perspektivlərini müzakirə etmək üçün Bakıya səfər etmişdir. BVF əməkdaşları yüksək dövlət rəsmiləri və qeyri-hökümət sektorunun nümayəndələri ilə görüşmüşdür. click for more

Республика Азербайджан- Заключительное заявление миссии по итогам консультаций

С самого начала нынешнего нефтяного бума в Азербайджане отмечаются высокие темпы экономического роста при значительном сокращении масштабов бедности. click for more

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Azerbaijan and the IMF

Republic of Azerbaijan: 2014 Article IV Consultation-Staff Report; Press Release

June 11, 2014
Series: Country Report No. 14/159 click for more

Republic of Azerbaijan: Selected Issues

June 11, 2014
Series: Country Report No. 14/160 click for more

Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with the Republic of Azerbaijan

June 2, 2014

Press Release: Statement at the End of an Article IV Mission to Azerbaijan

March 18, 2014

Press Release: Statement at the End of an IMF Staff Visit to Azerbaijan

November 15, 2013

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Growth has been tepid across the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) region. In 2013, declines in oil production held back growth in the oil-exporting countries. Weak private investment, amid political transitions and conflict, continued to take a toll on economic activity in the oil-importing countries. Growth is expected to strengthen this year in line with an improved global outlook. However, weak confidence and, in some cases, large public deficits will continue to weigh on the region's economic prospects. Deeper economic transformations are necessary to ensure robust and inclusive growth and creation of enough jobs for the rapidly-growing labor force.

Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6.5 percent in 2013 to 6 percent in 2014, mainly because of weakening growth momentum in emerging market trading partners (particularly, China, Russia, and Turkey) and a temporary decline in oil output growth in Kazakhstan. Risks remain tilted to the downside. In particular, a slowdown in emerging market trading partners may weaken exports, foreign direct investment, and remittances. Policy priorities center on rebuilding buffers and increasing exchange rate flexibility to help adjust to unanticipated shocks. Stronger macroeconomic frameworks would provide a more credible anchor to economies. Rapid credit growth in some countries calls for strengthening the prudential policies to ensure the continued soundness of financial institutions. Structural reforms to improve the business environment and governance, as well as closer regional cooperation, would enable CCA countries to achieve their goal of becoming dynamic emerging market economies. Click for more