IMF Staff Country Reports

Azerbaijan Republic: Staff Report for the 2001 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria

Publication Date:

March 8, 2002

Electronic Access:

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Summary:

This paper assesses Azerbaijan’s 2001 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility (PRGF), and Request for Waiver of Performance Criteria. Economic and financial performance was satisfactory, and all quantitative performance criteria were met. Implementation of structural reforms was somewhat slower than programmed, and the authorities are requesting waivers for nonobservance of three structural performance criteria for end-September 2001 and the continuous performance criterion on the stock of external arrears. The adoption of regulations on the oil fund budget was done on time.

Series:

Country Report No. 2002/040

Subject:

Budget planning and preparation Commodities Economic sectors Energy sector Expenditure Monetary base Money Oil Public financial management (PFM)