As part of its regular “Article IV Consultations,” the
International Monetary Fund (IMF) conducts missions to assess the
macroeconomic situation, financial stability, and fiscal and
monetary policies of its member countries. During its visit to
Azerbaijan in January–February 2025, the IMF delegation was briefed
on the country’s macroeconomic indicators, development priorities,
reform agenda, and fiscal and monetary policy frameworks.
Following the mission, in April 2025, the IMF published its
final statement on Azerbaijan’s economic outlook,
Azernews reports, citing the Ministry of
Economy.
The statement highlighted several positive developments achieved
by Azerbaijan in recent years, including:
Balanced economic risks
Improved performance of state-owned enterprises
Stabilization of inflation within the target range
Restoration of fiscal discipline
Enhanced transparency and progress in anti-corruption
efforts
However, the Ministry noted that despite including many
government-provided data points, the IMF report overlooked several
important areas. Given the influence of international assessments
on investor decisions and global perception, these omissions carry
significance.
For instance, the IMF projects Azerbaijan’s average annual
economic growth rate at 2.6% for the 2025–2030 period. However, the
Ministry’s latest macroeconomic forecasts estimate a higher growth
rate of 3.8% for 2025–2029.
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