Managing Oil Wealth: The Case of Azerbaijan
Author： Mr. Niko Hobdari Mr. Eric Le Borgne Chonira Aturupane Mr. Koba Gvenetadze Mr. John Wakeman-Linn Mr. Stephan Danninger
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2004
E-ISBN: 9781451979848
P-ISBN(Paperback): 9781589063082
Subject： F0 Economics;F7 Trade Economy
Language： ENG
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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.