Cover IMF Staff Country Reports
Azerbaijan: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1999: Issue 078
Language:
English
Publication Date:
01 Jan 1999
DOI:
https://doi.org/10.5089/9781451802535.002
ISBN:
9781451802535
ISSN:
1934-7685
Pages:
72
Keywords:
ISCR; CR; gross domestic product; exchange rate; private sector; broad money; U.S. dollar
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1999: Issue 078