Azerbaijan: Selected Issues

International Monetary Fund

No 1999/078, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues reviews economic development in Azerbaijan during 1995–99. The Azerbaijan authorities began to implement a far-reaching economic reform program in 1995. As a result, the serious macroeconomic imbalances, which plagued the economy in the early years of the transition, were largely eliminated. Both 1997 and 1998 were characterized by financial stability and strong real growth: average consumer price inflation over this period was close to zero and real GDP growth averaged 8 percent a year.

Keywords: ISCR; CR; gross domestic product; exchange rate; private sector; broad money; U.S. dollar (search for similar items in EconPapers)
Pages: 72
Date: 1999-01-01
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