IMF Staff Country Reports

Republic of Azerbaijan: Ex Post Assessment of Longer-Term Program Engagement

Publication Date:

August 1, 2005

Electronic Access:

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Summary:

The staff report on the Ex Post Assessment of Longer-Term Program Engagement for the Republic of Azerbaijan highlights macroeconomic performance and fiscal policy. On the structural front, significant progress was achieved in fiscal management, the privatization of small- and medium-size enterprises, and trade and price liberalization. Executive Directors underscored that Azerbaijan faces the challenge of achieving sustainable growth of non-oil output, diversifying the economy, and reducing poverty while maintaining macroeconomic stability at a time when oil revenue is projected to increase substantially.

Series:

Country Report No. 2005/259

Subject:

Exchange rates Expenditure Fiscal policy Foreign exchange Government debt management Oil, gas and mining taxes Public financial management (PFM) Taxes