This web page provides information on the activities of the Office, views of the IMF staff, and the relations between the Republic of Azerbaijan and the IMF. Additional information can be found on the Republic of Azerbaijan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Azerbaijan.

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Azerbaijan: At a Glance

  • Current IMF membership: 189 countries
  • Azerbaijan joined the Fund on September 18, 1992
  • Quota: SDR 391.70 million 

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IMF Work on Azerbaijan

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Regional Economic Outlook

July 13, 2020

The Middle East and Central Asia (MCD) region has reacted to the global COVID-19 pandemic with swift and stringent measures that have saved lives. However, these policies have also had a large impact on domestic economic activity. With several countries in the region beginning reopening in past weeks, and a recent uptick in activity, rising infection numbers may pose risks. A sharp decline in oil prices together with production cuts among oil exporters and disruptions in trade and tourism added further headwinds. As a result, growth in the region is now projected at –4.7 percent in 2020, 2 percentage points lower than in April 2020. The unusually high level of uncertainty regarding the length of the pandemic and its impact on firm closures, the resulting downside risks (including social unrest and political instability), and potential renewed volatility in global oil markets dominate the outlook. The pandemic will continue to test countries’ health capacity and economic resilience. While ensuring strong health systems remains the immediate priority, governments should also focus on supporting the recovery and setting up resilient and well-targeted social safety nets. As the pandemic wanes, countries should facilitate recovery by easing the reallocation of workers and resources, as needed, while resuming gradual fiscal adjustment and rebuilding policy buffers. Multilateral support can play a key role in helping countries surmount these shocks.
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This web page provides information on the activities of the Office, views of the IMF staff, and the relations between the Republic of Azerbaijan and the IMF. Additional information can be found on the Republic of Azerbaijan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Azerbaijan.