IMF Staff Country Reports

Republic of Azerbaijan: 2021 Article IV Consultation-Press Release; and Staff Report

Publication Date:

December 22, 2021

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The long-term fiscal position is unsustainable as oil resources are expected to run out by mid-century. The authorities have laid out strategic goals of accelerated yet sustainable socio-economic development over the next decade and are developing policy plans to that end.

Series:

Country Report No. 2021/278

Subject:

Commodities Economic and financial statistics External sector statistics Fiscal policy International organization Monetary policy Oil Oil prices Prices Public debt

Frequency:

regular