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

Publication Date: June 11, 2014
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Summary: This 2014 Article IV Consultation highlights that recent economic developments in Azerbaijan have been favorable. In 2013, a stabilization of oil output and strong non-oil growth at nearly 10 percent helped lift overall GDP growth to 5.8 percent. Inflation remained low, averaging 2.4 percent, restrained by soft food prices and a stable exchange rate. The impact of regional market turbulence in early 2014 has been limited, with few signs of lower manat demand or capital flight. Economic prospects over the near and medium term are positive, if underpinned by fiscal consolidation and supported by reforms to spur non-oil private sector activity.
Series: Country Report No. 14/159
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Nonoil sector | Private sector | Fiscal consolidation | Fiscal reforms | Banking sector | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Azerbaijan

Publication Date: June 11, 2014
ISBN/ISSN: 9781498355384/1934-7685 Format: Paper
Stock No: 1AZEEA2014001 Pages: 58
US$18.00 (Academic Rate:
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