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

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2025 Issue 098

Publication date: April 2025

ISBN: 9798229008556

$20.00

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Topics covered in this book

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Inflation , Investments and Securities-General , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Oil , Commercial banks , Oil prices , Fiscal consolidation , Dollarization , Inflation , Fiscal rules , Government securities , Currencies

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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.