Azerbaijan Republic: Report on Observance of Standards and Codes-Fiscal Transparency Module-Update
IMF Staff Country Reports, June 6, 2003
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- Azerbaijan Republic: Report on Observance of Standards and Codes-Fiscal Transparency Module-Update
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Bibliographic details
- Published: June 6, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802658.002
Summary
- This paper presents an update to the Report on Observance of Standards and Codes on Fiscal Transparency Module for Azerbaijan.
- Reforms aimed at delineating the roles of the public and private sector in Azerbaijan have moved forward, but a significant amount of work still lies ahead.
- During 2002, the government simplified requirements for business licensing in an effort to strengthen private sector development.
- Important steps were also taken toward clarifying the relationship between the government and state-owned enterprises.
Key findings and substantive points
- Progress reported on measures to delineate public and private sector roles.
- Specific reform action in 2002: simplification of requirements for business licensing to support private sector development.
- Advances in clarifying the relationship between the government and state-owned enterprises were noted.
- Overall assessment: forward movement on reforms, with a significant remaining agenda.
Policy implications and priorities
- Continue reform efforts to further delineate public and private sector responsibilities.
- Maintain and deepen measures to simplify business licensing to support private sector development.
- Further clarify and reform the governance, reporting, and oversight framework for state-owned enterprises.