IMF Staff Country Reports

Republic of Azerbaijan: Fifth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria

Publication Date:

August 1, 2005

Electronic Access:

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Summary:

The staff report for the Fifth Review Under the Poverty Reduction and Growth Facility for the Republic of Azerbaijan focuses on the short-term macroeconomic outlook and monetary and exchange rate policies. Domestic demand has been increasing much faster than GDP partly on account of large oil sector-related and other investments. There was broad agreement that greater exchange rate flexibility is essential for reducing inflation pressures. Azerbaijan has had an excellent track record in servicing its external debt.

Series:

Country Report No. 2005/260

Subject:

Budget planning and preparation Commodities Expenditure Monetary base Money Oil Oil prices Prices Public financial management (PFM)