IMF - International Monetary Fund

04/30/2026 | Press release | Distributed by Public on 04/30/2026 07:10

April 30, 2026IMF Executive Board Concludes 2026 Article IV Consultation with the Republic of Azerbaijan

IMF Executive Board Concludes 2026 Article IV Consultation with the Republic of Azerbaijan

April 30, 2026

  • Following strong performance in 2024, economic growth moderated to 1.4 percent in 2025, as oil-sector disruptions and slower non-hydrocarbon activity weighed on output.
  • Elevated hydrocarbon prices from the war in the Middle East are expected to strengthen Azerbaijan's fiscal and external positions in the near term, but inflationary pressures could emerge.
  • Sustained fiscal consolidation and private sector-led diversification away from hydrocarbon production remain the key policy priorities, given declining hydrocarbon reserves.

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