Republic Of Azerbaijan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463961324
Size: 50.70 MB
Format: PDF
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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: 1452760640
Size: 33.25 MB
Format: PDF, ePub, Docs
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Azerbaijan Republic from the Author: International Monetary Fund. This Selected Issues paper and Statistical Appendix estimates the size of quasi-fiscal subsidies implicit in domestic energy policies in Azerbaijan. The paper highlights that from a consolidated public sector perspective, quasi-fiscal subsidies are no cheaper than fiscal or on-budget subsidies. Eventually, the budget bears the cost of the quasi-fiscal activity via reduced tax or dividend payments. The only difference between the quasi-fiscal subsidy and the on-budget subsidy is transparency. The paper also outlines a method for estimating energy-related quasi-fiscal subsidies.

Azerbaijan Republic Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 26.45 MB
Format: PDF, ePub, Mobi
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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

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1484322738
Size: 19.52 MB
Format: PDF, ePub, Mobi
View: 5815
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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.