Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification

World Bank

dc.creator	World Bank
dc.date	2012-03-19T17:25:40Z
dc.date	2012-03-19T17:25:40Z
dc.date	2009-12-23
dc.date.accessioned	2023-02-17T20:48:13Z
dc.date.available	2023-02-17T20:48:13Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100107230943
dc.identifier	http://hdl.handle.net/10986/3154
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243488
dc.description	Azerbaijan's oil and gas boom presents a rare opportunity to accelerate improvements in the quality of life of all its citizens. Its per capita income is $5,100 in 2008, up nearly 400 percent from 2004 in current USD terms; it could potentially exceed $6,500 by 2013 and higher beyond that. Consequently, poverty is likely to continue to fall, especially in the rural areas, and the entire population of nearly nine million can expect to benefit significantly from expanded access to better quality education and health services as well as more targeted social assistance. Most of this income growth is expected to come from non-oil output and exports, especially agriculture and light manufacturing, though high levels of oil revenues and public spending will continue to stimulate significant growth of construction and various services sectors. Fiscal revenues from oil and gas are expected to be $198 billion in net present value terms through 2024 (based on the oil production profile of June 2008). This report outlines changes in policies and institutions that will be needed to realize this vision.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	AGGREGATE DEMAND
dc.subject	AGRICULTURAL PRODUCTION
dc.subject	AIR CONDITIONERS
dc.subject	ALLOCATION
dc.subject	ANNUAL RATE
dc.subject	BANK FINANCING
dc.subject	BANKING SECTOR
dc.subject	BANKING SECTORS
dc.subject	BOND
dc.subject	BUDGET MANAGEMENT
dc.subject	BUDGETARY FRAMEWORK
dc.subject	BUDGETING
dc.subject	BUSINESS REGULATIONS
dc.subject	CAPITAL INVESTMENT
dc.subject	CENTRAL BANK
dc.subject	COMMERCIAL BANK
dc.subject	COMMERCIAL BANKS
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COUNTRY PROCUREMENT
dc.subject	COUNTRY PROCUREMENT ASSESSMENT
dc.subject	CREDIT ACCESS
dc.subject	CREDIT POLICY
dc.subject	CROWDING OUT
dc.subject	DEVALUATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING COUNTRY
dc.subject	DISCOUNT RATE
dc.subject	DOMESTIC CURRENCY
dc.subject	DOMESTIC DEMAND
dc.subject	DOMESTIC MARKETS
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC CLASSIFICATION
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC DEVELOPMENTS
dc.subject	ECONOMIC GROWTH
dc.subject	EDUCATION POLICY
dc.subject	EDUCATION SYSTEM
dc.subject	ENERGY EFFICIENCY
dc.subject	ENVIRONMENTAL
dc.subject	EQUITY FINANCING
dc.subject	EQUITY MARKETS
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATES
dc.subject	EXPENDITURE
dc.subject	EXPENDITURE PLANS
dc.subject	EXPORTERS
dc.subject	FIDUCIARY ASSESSMENT
dc.subject	FINANCE MINISTRY
dc.subject	FINANCIAL ACCOUNTABILITY
dc.subject	FINANCIAL INFRASTRUCTURE
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INTERMEDIATION
dc.subject	FINANCIAL MANAGEMENT
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL SUSTAINABILITY
dc.subject	FISCAL ADJUSTMENT
dc.subject	FISCAL BALANCE
dc.subject	FISCAL POLICY
dc.subject	FISCAL SCENARIOS
dc.subject	FISCAL SUSTAINABILITY
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN INFLOWS
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN INVESTORS
dc.subject	FOREIGN LOANS
dc.subject	FOREIGN TRADE
dc.subject	GLOBAL DEVELOPMENT FINANCE
dc.subject	GLOBAL ECONOMY
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	GOVERNMENT EXPENDITURES
dc.subject	GOVERNMENT REVENUE
dc.subject	GOVERNMENT SPENDING
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROWTH MODEL
dc.subject	GROWTH RATE
dc.subject	HEALTH SERVICES
dc.subject	HUMAN CAPITAL
dc.subject	IMPLICIT SUBSIDIES
dc.subject	INCOME GROWTH
dc.subject	INCOME TAX
dc.subject	INFLATION
dc.subject	INFLATIONARY PRESSURES
dc.subject	INFRASTRUCTURE DEVELOPMENT
dc.subject	INFRASTRUCTURE INVESTMENTS
dc.subject	INFRASTRUCTURE PROJECTS
dc.subject	INITIAL PUBLIC OFFERING
dc.subject	INSTRUMENT
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL BORROWING
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL INVESTOR
dc.subject	INTERNATIONAL STANDARD
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INVESTING
dc.subject	INVESTMENT EXPENDITURES
dc.subject	INVESTMENT PROJECTS
dc.subject	IPO
dc.subject	ISSUANCE
dc.subject	LABOR FORCE
dc.subject	LABOR MARKET
dc.subject	LEGAL FRAMEWORK
dc.subject	LIQUIDITY
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MACROECONOMIC POLICIES
dc.subject	MACROECONOMIC POLICY
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC VOLATILITY
dc.subject	MARKET DEVELOPMENTS
dc.subject	MARKET ECONOMY
dc.subject	MARKET PRACTICES
dc.subject	MARKET STRUCTURE
dc.subject	MEDIUM-TERM EXPENDITURE
dc.subject	MEDIUM-TERM EXPENDITURE FRAMEWORK
dc.subject	MINES
dc.subject	MINISTRY OF FINANCE
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICY
dc.subject	NATURAL RESOURCES
dc.subject	NET PRESENT VALUE
dc.subject	NON PERFORMING LOANS
dc.subject	NPL
dc.subject	OIL
dc.subject	OIL BOOM
dc.subject	OIL PRICE
dc.subject	OIL PRICES
dc.subject	OIL RESOURCES
dc.subject	OIL SECTOR
dc.subject	OPEC
dc.subject	PENSION
dc.subject	PENSIONS
dc.subject	PERFORMANCE EVALUATION
dc.subject	PERFORMANCE INDICATOR
dc.subject	PERPETUITY
dc.subject	PERSONAL INCOME
dc.subject	PERSONAL INCOME TAX
dc.subject	POLICY DECISIONS
dc.subject	POLICY MAKERS
dc.subject	POVERTY ASSESSMENT
dc.subject	POVERTY REDUCTION
dc.subject	POVERTY REDUCTION STRATEGY
dc.subject	POVERTY REDUCTION SUPPORT
dc.subject	PRESENT VALUE
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATE INVESTMENTS
dc.subject	PRIVATE SECTOR
dc.subject	PRIVATE SECTOR GROWTH
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROVEN OIL RESERVES
dc.subject	PROVEN RESERVES
dc.subject	PUBLIC ADMINISTRATION
dc.subject	PUBLIC AGENCIES
dc.subject	PUBLIC EDUCATION
dc.subject	PUBLIC EXPENDITURE
dc.subject	PUBLIC EXPENDITURE REVIEW
dc.subject	PUBLIC EXPENDITURES
dc.subject	PUBLIC FINANCE
dc.subject	PUBLIC FINANCES
dc.subject	PUBLIC INVESTMENT
dc.subject	PUBLIC INVESTMENT PROGRAM
dc.subject	PUBLIC INVESTMENTS
dc.subject	PUBLIC MANAGEMENT
dc.subject	PUBLIC SECTOR
dc.subject	PUBLIC SECTOR EMPLOYEES
dc.subject	PUBLIC SECTOR SPECIALIST
dc.subject	PUBLIC SERVICES
dc.subject	PUBLIC SPENDING
dc.subject	PUBLIC UTILITIES
dc.subject	PURCHASING POWER
dc.subject	QUALITY CONTROL
dc.subject	QUALITY OF LIFE
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL INTEREST
dc.subject	REAL WAGES
dc.subject	REFORM EFFORTS
dc.subject	REGULATORY FRAMEWORK
dc.subject	REGULATORY REFORM
dc.subject	REMITTANCES
dc.subject	RETURNS
dc.subject	ROAD FUND
dc.subject	ROAD TRANSPORT
dc.subject	SECURITIES
dc.subject	SERVICE QUALITY
dc.subject	SOCIAL ASSISTANCE
dc.subject	SOCIAL POLICIES
dc.subject	SOCIAL PROTECTION
dc.subject	SOCIAL SECURITY
dc.subject	STATE BANK
dc.subject	STRUCTURAL ADJUSTMENT
dc.subject	STRUCTURAL REFORM
dc.subject	STRUCTURAL REFORMS
dc.subject	TAX BURDEN
dc.subject	TAX RATES
dc.subject	TAX REGIME
dc.subject	TAX REVENUE
dc.subject	TELECOMMUNICATIONS
dc.subject	TRADE BALANCES
dc.subject	TRADE REGIME
dc.subject	TRADING
dc.subject	TRANSACTIONS COSTS
dc.subject	TRANSPARENCY
dc.subject	TREASURY
dc.subject	UNCERTAINTY
dc.subject	WAGES
dc.title	Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification
dc.type	Economic & Sector Work :: Country Economic Memorandum
dc.coverage	Europe and Central Asia
dc.coverage	Eastern Europe
dc.coverage	Commonwealth of Independent States
dc.coverage	Asia
dc.coverage	Azerbaijan