Republic of Azerbaijan: Selected Issues

International Monetary Fund

No 2012/006, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Azerbaijan highlights that rapid non-oil growth since the onset of the oil boom has contributed to substantial reduction in poverty and inequality. To keep growth inclusive, there is a need to accelerate economic diversification and make the nonhydrocarbon private sector a self-sustaining engine of growth. Policy priorities include strengthening governance and the business environment and improving human capital and productive infrastructure to enhance the productivity of private investment. Expanding the relatively well-targeted social safety net will ensure coverage of the vulnerable groups.

Keywords: ISCR; CR; government; Azerbaijan; exchange rate; Azerbaijani authorities; government spending; indirect tax; customs revenue collection process; CIT rate; GDP growth; money supply; personal income; central bank; CIT revenue; Exchange rate arrangements; Corporate income tax; Oil prices; Central Asia; Global; Central and Eastern Europe; Eastern Europe; Europe (search for similar items in EconPapers)
Pages: 24
Date: 2012-01-18
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