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spurred by the pandemic's onset and related oil price shocks. Over the medium term, reforms supporting improved governance …
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Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into …. Yet the medium-term outlook remains subdued. The long-term fiscal position is unsustainable as oil resources are expected …
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medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil … revenues from active fields, which have been the main source of funding for government spending, are drying up. The non-oil …
Persistent link: https://www.econbiz.de/10012604279
A 9-month Staff Monitored Program (SMP) combined with a disbursement under the Rapid Credit Facility (RCF) of 50 percent of quota (about USD 174 million) was approved on March 30, 2021 to address BOP challenges and build a track record towards an upper credit tranche financial arrangement. This...
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