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.
IMF Work on Azerbaijan
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Five Charts That Illustrate COVID-19’s Impact on the Middle East and Central Asia
July 16, 2020
The Middle East and Central Asia countries acted quickly and decisively in response to COVID-19. Despite their efforts, the pandemic has inflicted heavy economic damage on the region. Growth projections have been revised down since the April 2020 Regional Economic Outlook, the IMF says in its latest update to the report.
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Confronting the COVID-19 Pandemic in the Middle East and Central Asia
April 15, 2020
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Making the Most of Capital Flows in the Middle East and Central Asia
October 28, 2019
The latest Regional Economic Outlook analyzes the evolution of capital inflows to the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region and to countries in the Caucasus and Central Asia (CCA), exploring how they can most effectively contribute to economic growth.
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Transcript of October 2019 Middle East and Central Asia Department Press Briefing
October 18, 2019
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IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Azerbaijan
September 18, 2019
IMF Work in the Region
- How Deficits are Being Financed in the CCA Oil Exporters
October 21, 2016 - Need for Reforms Intensifies Amid Weak Growth in Caucasus, Central Asia
October 21, 2016 - Battered by External Shocks, REO Update
April 1, 2016 - How to De-Dollarize Financial Systems in the Caucasus and Central Asia?
September 23, 2015 - Making Public Investment More Efficient
June 11, 2015 - Estimating Potential Growth in the Middle East and Central Asia
March 20, 2015 - Making the Most of Public Investment in MENA and CCA oil exporting countries
November 13, 2014
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.Read the Report
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.