European Parliament Library

Republic of Azerbaijan :, 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Azerbaijan

Abstract
This 2007 Article IV Consultation highlights that Azerbaijan’s real GDP growth accelerated to 31 percent in 2006, driven by rapidly increasing oil production and transportation. Non-oil real GDP, excluding oil and gas transportation, grew by about 8 percent, as nontradable sectors benefited from ramped up government spending and rapidly growing banking credit. Inflation rose into the double digits by August 2006. Progress in other structural reforms has been mixed. The short-term growth and external outlooks remain exceptionally favorable, but keeping inflation from increasing further represents a major challenge
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Recent Developments; Figures; 1. Recent Developments, 2003-07; Text Tables; 1. Selected Economic Indicators, 2003-07; 2. Competitiveness Indicators, 1995-2006; III. Macroeconomic Outlook; A. Short-Term Outlook; 3. Monetary Indicators, 2003-07; B. Medium- and Long-Term Outlook; 2. Problem Banks, January 1, 2007; 4. Problems Doing Business, 2002 and 2005; 5. Selected Oil-Related Indicators, 2005-24; IV. Report on the Authorities' Views; A. What is the Appropriate Pace of Spending out of Oil Revenue?
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452703497

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