Managing Oil Wealth: The Case of Azerbaijan

Author: Mr. Niko Hobdari   Chonira Aturupane   Mr. Eric Le Borgne   Mr. Koba Gvenetadze   Mr. John Wakeman-Linn   Mr. Stephan Danninger  

Publisher: INTERNATIONAL MONETARY FUND‎

Publication year: 2004

E-ISBN: 9781451947953

Subject: F0 Economics;F7 Trade Economy

Keyword: Oil revenues

Language: RUS

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Description

Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks of 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010. Although expected revenues over the next 20 years will be substantial, they are projected to return to 2004 levels by 2024. Managing this temporary windfall in a way that allows for economic diversification and increased living standards is the subject of this book, which provides extensive guidance based largely on lessons drawn from the experiences--mostly negative--of other countries.

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