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

2021 Article IV Consultation-Press Release; and Staff Report
READ MORE...
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
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.