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

Publication Date:

May 13, 2010

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2010/113

Subject:

English

Publication Date:

May 13, 2010

ISBN/ISSN:

9781455204205/1934-7685

Stock No:

1AZEEA2010001

Pages:

40

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