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Republic of Azerbaijan: Fifth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 260
Language:
English
Publication Date:
01 Aug 2005
DOI:
https://doi.org/10.5089/9781451931099.002
ISBN:
9781451931099
ISSN:
1934-7685
Pages:
65
Keywords:
ISCR; CR; right; authority; PRGF loan; PRGF arrangement; disinflation program; disinflation policy; Azerbaijani authorities; authorities' disinflation effort; Oil; Budget planning and preparation; Oil prices; Monetary base; Global
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The staff report for the Fifth Review Under the Poverty Reduction and Growth Facility for the Republic of Azerbaijan focuses on the short-term macroeconomic outlook and monetary and exchange rate policies. Domestic demand has been increasing much faster than GDP partly on account of large oil sector-related and other investments. There was broad agreement that greater exchange rate flexibility is essential for reducing inflation pressures. Azerbaijan has had an excellent track record in servicing its external debt.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund