Azerbaijan : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

December 19, 1995

Summary:

This paper reviews economic developments in Azerbaijan during the 1990s. In 1992, approximately 70–80 percent of producer and consumer prices were liberalized, and enterprises were allowed greater latitude in their price and wage setting. However, price controls were applied on energy and bread prices, price markups remained controlled, and the price liberalization process was constrained by state procurement of major production items. Although the coverage of the state order system was gradually reduced, it still accounted for most of the production of “strategic goods” at end-1994.

Series:

Country Report No. 95/119

Subject:

Notes:

This report on recent economic developments in Azerbaijan Republic was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Azerbaijan Republic, or the Executive Board of the IMF.

English

Publication Date:

December 19, 1995

ISBN/ISSN:

9781451802504/1934-7685

Stock No:

1AZEEA0011995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

102

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