This paper assesses Azerbaijanas 2001 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility (PRGF), and Request for Waiver of Performance Criteria. Economic and financial performance was satisfactory, and all quantitative performance criteria were met. Implementation of structural reforms was somewhat slower than programmed, and the authorities are requesting waivers for nonobservance of three structural performance criteria for end-September 2001 and the continuous performance criterion on the stock of external arrears. The adoption of regulations on the oil fund budget was done on time.... central bank transactions to assuming full responsibility for determination of ANB accounting policy and procedures. ... internal questionnaire and audit program in support of audit methodology; and in revising the audits procedures manual.
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2002-03-08|