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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2021. "Republic of Azerbaijan: 2021 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2021/278, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2021/278
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=511278
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    Cited by:

    1. Costola, Michele & Lorusso, Marco, 2022. "Spillovers among energy commodities and the Russian stock market," Journal of Commodity Markets, Elsevier, vol. 28(C).
    2. Ahunov, Muzaffarjon & Kakhkharov, Jakhongir & Mozumder, Pallab, 2022. "Income and household energy consumption in a transition economy: The case of Uzbekistan," Energy, Elsevier, vol. 254(PA).

    More about this item

    Keywords

    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;
    All these keywords.

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