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

2021 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: Volume 2021 Issue 278

Publication date: December 2021

ISBN: 9781616359591

$5.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else	pdf else	epub else
English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , CPI data ROSC , fund Dept , safeguards assessment policy , fund surveillance , transparency policy , International Monetary Fund Washington , d , c , Oil prices , Oil , External sector statistics , Global

Also of interest

Peru

Grenada

Nepal

Peru

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.