Republic of Azerbaijan: Fifth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria
August 1, 2005
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The staff report for the Fifth Review Under the Poverty Reduction and Growth Facility for the Republic of Azerbaijan focuses on the short-term macroeconomic outlook and monetary and exchange rate policies. Domestic demand has been increasing much faster than GDP partly on account of large oil sector-related and other investments. There was broad agreement that greater exchange rate flexibility is essential for reducing inflation pressures. Azerbaijan has had an excellent track record in servicing its external debt.
Subject: Budget planning and preparation, Commodities, Expenditure, Monetary base, Money, Oil, Oil prices, Prices, Public financial management (PFM)
Keywords: authorities' disinflation effort, authority, Azerbaijani authorities, Budget planning and preparation, CR, disinflation policy, disinflation program, Global, ISCR, Monetary base, Oil, Oil prices, PRGF arrangement, PRGF loan, right
Pages:
65
Volume:
2005
DOI:
Issue:
260
Series:
Country Report No. 2005/260
Stock No:
1AZEEA2005005
ISBN:
9781451931099
ISSN:
1934-7685
