Republic of Armenia : 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

July 19, 2017

Electronic Access:

Free Full text (PDF file size is 2800 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Since its independence, Armenia has made significant strides in enhancing macroeconomic stability. Growth has been satisfactory with inflation under control and the fiscal situation broadly well managed. Lately, adverse external developments have led to significant falls in remittances and the price of copper, Armenia’s main export. Following subdued growth in 2016, the economy is expected to gradually recover in 2017, but the outlook is clouded by downside risks and tough challenges remain: growth continues to be volatile and narrowly based, trade opportunities remain limited, and public debt has increased sharply. Following important reforms in the energy sector and the tax code, the government is determined to tackle corruption, improve competition, and promote sustainable growth.

Series:

Country Report No. 17/226

English

Publication Date:

July 19, 2017

ISBN/ISSN:

9781475567557/1934-7685

Stock No:

1ARMEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

104

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