Republic of Azerbaijan: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Azerbaijan
May 13, 2010
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This paper presents the key findings of the Republic of Azerbaijan’s 2010 Article IV Consultation. In 2009, overall GDP grew at 9.3 percent, but non-oil GDP growth slowed from 16 percent to 3 percent, fiscal and export revenues fell by more than 30 percent, and credit and liquidity conditions tightened substantially. Owing to the authorities’ appropriate policy response, the exchange rate remained stable, inflation dropped dramatically, official poverty rates continued to fall, and financial stability was maintained.
Subject: Commercial banks, Commodities, Economic and financial statistics, Economic sectors, External sector statistics, Financial institutions, Monetary base, National accounts, Oil, Oil sector
Keywords: Azerbaijan economy, Azerbaijani banking system, Commercial banks, CR, dollar, EITI report, External sector statistics, Global, IMF staff estimate, ISCR, liquidity support, net, Oil, oil GDP, Oil sector
Pages:
40
Volume:
2010
DOI:
Issue:
113
Series:
Country Report No. 2010/113
Stock No:
1AZEEA2010001
ISBN:
9781455204205
ISSN:
1934-7685
