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Azerbaijan Republic: staff Report for the 2004 Article IV Consultation, Fourth Review Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria, Extension of Arrangement, Reduced Access and Rephasing of Disbursements
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 019
Language:
English
Publication Date:
21 Jan 2005
DOI:
https://doi.org/10.5089/9781451802689.002
ISBN:
9781451802689
ISSN:
1934-7685
Pages:
85
Keywords:
ISCR; CR; CPI index; staff advice; government; staff appraisal; authority; management strategy; inflation development; Oil prices; Oil; gas and mining taxes; Monetary base; Global
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This paper examines Azerbaijan Republic’s 2004 Article IV Consultation and Fourth Review Under the Poverty Reduction and Growth Facility. A long-term oil revenue management strategy has been adopted by the authorities, targeting a path of non-oil deficits over the medium term that seeks to preserve macroeconomic stability and also avoid overstretching implementation capacity. To ensure coherent fiscal policy, annual budgets will need to start from the poverty reduction strategy and incorporate public investment and regional development programs.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund