Azerbaijan Selected Issues

This Selected Issues reviews economic development in Azerbaijan during 1995-99. The Azerbaijan authorities began to implement a far-reaching economic reform program in 1995. As a result, the serious macroeconomic imbalances, which plagued the economy in the early years of the transition, were largel...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Staff Country Reports
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a This Selected Issues reviews economic development in Azerbaijan during 1995-99. The Azerbaijan authorities began to implement a far-reaching economic reform program in 1995. As a result, the serious macroeconomic imbalances, which plagued the economy in the early years of the transition, were largely eliminated. Both 1997 and 1998 were characterized by financial stability and strong real growth: average consumer price inflation over this period was close to zero and real GDP growth averaged 8 percent a year