IMF BOUGHT AZERBAIJAN
IMF wrote, on September 9, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Azerbaijan.
A number of negative shocks have impaired economic performance in Azerbaijan. Lower oil prices, weak regional growth, currency devaluations in its main trading partners, and a contraction in hydrocarbon production rapidly erased the large current account surplus that the country enjoyed during the oil boom years.
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