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

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 259

Publication date: August 2005

ISBN: 9781451802696

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , Taxation - General , 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

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Summary

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.