IMF Staff Country Reports

Republic of Azerbaijan: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Azerbaijan

April 22, 2025

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Format: Chicago

International Monetary Fund. Middle East and Central Asia Dept. "Republic of Azerbaijan: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Azerbaijan", IMF Staff Country Reports 2025, 098 (2025), accessed April 26, 2025, https://doi.org/10.5089/9798229008556.002

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Summary

Growth accelerated in 2024, while inflation remained within the target band. Azerbaijan’s main challenges are to maintain the fiscal adjustment momentum to build fiscal buffers for intergenerational equity and resilience against shocks and to accelerate private sector-led diversification, considering dwindling hydrocarbon reserves and the global energy transition.

Subject: Currencies, Dollarization, Financial institutions, Fiscal consolidation, Fiscal policy, Fiscal rules, Foreign exchange, Government securities, Inflation, Monetary policy, Money, Oil prices, Prices, Public debt

Keywords: Commercial banks, Currencies, Dollarization, Fiscal consolidation, Fiscal rules, Government securities, Inflation, Oil, Oil prices

Publication Details

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