Republic of Azerbaijan: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Azerbaijan

July 2, 2008

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Republic of Azerbaijan: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Azerbaijan, (USA: International Monetary Fund, 2008) accessed September 27, 2024

Summary

This Article IV Consultation reports on policies of the Republic of Azerbaijan. These policies contain inflation and measures to strengthen the resilience of the banking system to promote the development of the financial sector. Non-oil GDP continued to expand rapidly, pushed by large increases in public expenditure, including wages and pensions. The authorities intend to continue with their expansionary fiscal plans in 2008, in line with their strategy to pursue fast improvements in living standards and infrastructure to set the basis for long-term non-oil growth.

Subject: Banking, Commodities, Economic sectors, Expenditure, Inflation, National accounts, Oil, Oil sector, Prices

Keywords: Authoritiess' effort, Authority, Broad money, CR, Draft ROSC paper, Fund, Fund staff projection, Global, Inflation, ISCR, Oil, Oil GDP, Oil revenue, Oil sector

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/214
Stock No:

1AZEEA2008001
ISBN:

9781451802719
ISSN:

1934-7685

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