European Parliament Library

Republic of Azerbaijan: 2021 Article IV Consultation-Press Release; and Staff Report

Abstract
Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The long-term fiscal position is unsustainable as oil resources are expected to run out by mid-century. The authorities have laid out strategic goals of accelerated yet sustainable socio-economic development over the next decade and are developing policy plans to that end
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (67 pages)
Form Of Item
online

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