Azerbaijan Republic: staff Report for the 2004 Article IV Consultation, Fourth Review Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria, Extension of Arrangement, Reduced Access and Rephasing of Disbursements

January 21, 2005

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Azerbaijan Republic: staff Report for the 2004 Article IV Consultation, Fourth Review Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria, Extension of Arrangement, Reduced Access and Rephasing of Disbursements, (USA: International Monetary Fund, 2005) accessed September 18, 2024

Summary

This paper examines Azerbaijan Republic’s 2004 Article IV Consultation and Fourth Review Under the Poverty Reduction and Growth Facility. A long-term oil revenue management strategy has been adopted by the authorities, targeting a path of non-oil deficits over the medium term that seeks to preserve macroeconomic stability and also avoid overstretching implementation capacity. To ensure coherent fiscal policy, annual budgets will need to start from the poverty reduction strategy and incorporate public investment and regional development programs.

Subject: Commodities, Expenditure, Monetary base, Money, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Authority, CPI index, CR, Gas and mining taxes, Global, Government, Inflation development, ISCR, Management strategy, Monetary base, Oil, Oil prices, Staff advice, Staff appraisal

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/019
Stock No:

1AZEEA2005003
ISBN:

9781451802689
ISSN:

1934-7685

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