IMF Assessment on Azerbaijan Economy

IMF Assessment on Azerbaijan Economy Azerbaijan has to reconsider scope of monetary policy The International Monetary Fund (IMF) recommends Azerbaijan reconsiders the scope of monetary policy, deputy director of the IMF Middle East and Central Asia Department Nadeem Ilahi said at a press conference in Baku on May, 2, 2012. “Monetary policy may be toughened in case of pressure in terms of demand,” he said. “However, the existing tools... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More