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

 
 
Publication Date: June 11, 2014
 
Electronic Access: Free Full text (PDF file size is 1,295KB).
Use the free Adobe Acrobat Reader to view this PDF file

 
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

 
English
Publication Date: June 11, 2014
ISBN/ISSN: 9781498355384/1934-7685 Format: Paper
Stock No: 1AZEEA2014001 Pages: 58
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
Please address any questions about this title to publications@imf.org