Republic Of Azerbaijan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463961324
Size: 71.81 MB
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Republic Of Azerbaijan from the Author: International Monetary Fund. This Selected Issues paper on Azerbaijan highlights that rapid non-oil growth since the onset of the oil boom has contributed to substantial reduction in poverty and inequality. To keep growth inclusive, there is a need to accelerate economic diversification and make the nonhydrocarbon private sector a self-sustaining engine of growth. Policy priorities include strengthening governance and the business environment and improving human capital and productive infrastructure to enhance the productivity of private investment. Expanding the relatively well-targeted social safety net will ensure coverage of the vulnerable groups.

Azerbaijan Republic

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451876599
Size: 35.45 MB
Format: PDF
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Azerbaijan Republic from the Author: International Monetary Fund. This Selected Issues paper on Azerbaijan Republic reports that the government has made substantial progress in dealing with energy-related subsidies. The domestic market for oil products has been tightly regulated by the government since Azerbaijan gained independence. Azerbaijan is largely self-sufficient in oil products because of its substantial endowment of exhaustible mineral deposits and existing refining capacity. Although Azerbaijan is self-sufficient in oil products, it needs to import about 3 billion cubic meters (bcm) of natural gas annually to meet its domestic consumption demand of 7 bcm.

Azerbaijan Republic Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 23.87 MB
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Azerbaijan Republic Selected Issues And Statistical Appendix from the Author: International Monetary Fund. This Selected Issues paper and Statistical Appendix for Azerbaijan aims to provide a guide to the management of Azerbaijan’s expected natural resource-generated windfall. The paper provides information on Azerbaijan’s endowment of oil and gas deposits and the projected revenue stream, and highlights the common characteristics of policies leading to the mismanagement of natural resource wealth in natural resource-abundant countries. It also outlines a medium- and long-term policy strategy for oil wealth management in Azerbaijan.

Republic Of Azerbaijan Selected Issues

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1498328458
Size: 66.63 MB
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Republic Of Azerbaijan Selected Issues from the Author: International Monetary Fund. Middle East and Central Asia Dept.. This Selected Issues paper uses a bank-level panel dataset to investigate the determinants of bank interest spreads in Azerbaijan over 2002–2013. The dealership model of Ho and Saunders is applied, supplemented by market structure and macroeconomic environment variables, to assess the extent to which high spreads of banks in Azerbaijan can be related to bank-specific variables or to a low degree of competition, controlling for macroeconomic factors. It is found that interest spreads are affected by operation cost efficiency, credit risk, liquidity risk, bank size, bank diversification, banking sector competition, policy rate, and reserve requirement.

Republic Of Azerbaijan

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1484322738
Size: 49.12 MB
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Republic Of Azerbaijan from the Author: International Monetary Fund. Middle East and Central Asia Dept.. The first paper is on the oil boom in Azerbaijan, which presents a unique opportunity to speed up the development agenda, but at the same time poses challenges to the management of macroeconomic policy. A new fiscal framework to sustain macroeconomic stability and achieve fiscal sustainability is required. The second paper is on Azerbaijan's managed exchange rate policy and the need for an orderly and durable transition to more flexible exchange rate arrangements that can mitigate risks. Even if greater flexibility is not introduced in the short term, improved monetary policy framework needs to be put in place.

Kyrgyz Republic Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 22.98 MB
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Kyrgyz Republic Selected Issues And Statistical Appendix from the Author: International Monetary Fund. The paper describes recent macroeconomic and financial developments and highlights a number of important medium- and longer-term policy issues. Empirical estimates of potential output growth for the Kyrgyz economy based on a number of different methodologies are presented. Competitiveness and trade policy, social policy issues, namely poverty alleviation and pension reform, are also taken up for discussion. Developments in the banking system since 1998 are described. Fiscal issues are discussed and also statistical data on economic indices are presented.

Azerbaijan Republic 2003 Article Iv Consultation Second Review Under The Poverty Reduction And Growth Facility And Requests For Waivers Of Performance Criteria Extension Of Arrangement And Rephasing Of Purchases Staff Report Staff Supplement Public Information Notice And Press Release On The Executive Board Discussion And Statement By The Executive Director For The Azerbaijan Republic

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 29.67 MB
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Azerbaijan Republic 2003 Article Iv Consultation Second Review Under The Poverty Reduction And Growth Facility And Requests For Waivers Of Performance Criteria Extension Of Arrangement And Rephasing Of Purchases Staff Report Staff Supplement Public Information Notice And Press Release On The Executive Board Discussion And Statement By The Executive Director For The Azerbaijan Republic from the Author: International Monetary Fund. This paper evaluates Azerbaijan’s 2003 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waivers of Performance Criteria, Extension of Arrangement and Rephasing of Purchases. Performance relative to the quantitative targets under the program was strong, as all quantitative performance criteria and most indicative targets were met. Implementation of the structural reforms under the program was slower than planned, delaying completion of the second review. The authorities are requesting several waivers related to delays in structural reforms.