Azerbaijan Republic: Staff Report for the 2003 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility, and Requests for Waivers of Performance Criteria, Extension of Arrangement and Rephasing of Purchases

June 6, 2003

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Azerbaijan Republic: Staff Report for the 2003 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility, and Requests for Waivers of Performance Criteria, Extension of Arrangement and Rephasing of Purchases, (USA: International Monetary Fund, 2003) accessed September 19, 2024

Summary

This paper evaluates Azerbaijan’s 2003 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waivers of Performance Criteria, Extension of Arrangement and Rephasing of Purchases. Performance relative to the quantitative targets under the program was strong, as all quantitative performance criteria and most indicative targets were met. Implementation of the structural reforms under the program was slower than planned, delaying completion of the second review. The authorities are requesting several waivers related to delays in structural reforms.

Subject: Commodities, Economic sectors, Energy sector, Oil, Oil prices, Oil sector, Oil, gas and mining taxes, Prices, Taxes

Keywords: Adopt privatization, Azeri authorities, Baltics, CR, Energy sector, Gas and mining taxes, Government, ISCR, Oil, Oil company SOCAR, Oil prices, Oil sector, Policy commitment, PRGF arrangement, SOCAR, Tax obligation

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/154
Stock No:

1AZEEA0052003
ISBN:

9781451802641
ISSN:

1934-7685

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