Republic of Azerbaijan: Ex Post Assessment of Longer-Term Program Engagement

International Monetary Fund

No 2005/259, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report on the Ex Post Assessment of Longer-Term Program Engagement for the Republic of Azerbaijan highlights macroeconomic performance and fiscal policy. On the structural front, significant progress was achieved in fiscal management, the privatization of small- and medium-size enterprises, and trade and price liberalization. Executive Directors underscored that Azerbaijan faces the challenge of achieving sustainable growth of non-oil output, diversifying the economy, and reducing poverty while maintaining macroeconomic stability at a time when oil revenue is projected to increase substantially.

Keywords: ISCR; CR; Fund; policy; assessment; government; executive board assessment; Fund support; longer-term program engagement; executive board discussion; program growth objective; government procurement; Azeri authorities; authorities' preference; Oil; gas and mining taxes; Government debt management; Exchange rates (search for similar items in EconPapers)
Pages: 37
Date: 2005-08-01
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