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

International Monetary Fund

No 2003/154, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; SOCAR; government; PRGF arrangement; policy commitment; tax obligation; Adopt privatization; Azeri authorities; oil company SOCAR; Oil; Energy sector; Oil prices; gas and mining taxes; Oil sector; Baltics (search for similar items in EconPapers)
Pages: 99
Date: 2003-06-06
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