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on the Republic of Armenia:

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March 7, 2014
December 7, 2012
December 12, 2011
June 29, 2011
June 28, 2010

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2015  2016
Real GDP -1 0.0
Consumer Prices 6.4 4.0
Source: World Economic Outlook (April 2015)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Republic of Armenia: Financial Position in the Fund

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Central Bank of the Republic of Armenia


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Republic of Armenia and the IMF
Updated April 18, 2015

The last Article IV Executive Board Consultation was on December 07, 2012. Listed below are items related to the Republic of Armenia, in reverse chronological order (you can also view items by category).

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July 25, 2002 -- Armenia -- 2002 Article IV Consultation, Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
April 20, 2002 -- Press Release: Ministers Endorse International Initiative for Seven Poor Countries of the Commonwealth of Independent States
April 20, 2002 -- Statement by Governor Nout Wellink, on behalf of Gerrit Zalm, Minister of Finance of the Netherlands, at the International Monetary and Financial Committee, Washington, D.C., April 20, 2002
The International Monetary and Financial Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Republic of Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, Kingdom of the Netherlands-Netherlands, Romania, and Ukraine
April 02, 2002 -- Republic of Armenia: 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility--Staff Report; Staff Statement; and Public Information Notice, Press Release, and News Brief on the Executive Board Discussion
Series: Country Report No. 02/73
April 02, 2002 -- Republic of Armenia: 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility--Staff Report; Staff Statement; and Public Information Notice, Press Release, and News Brief on the Executive Board Discussion
Series: Country Report No. 02/73
March 04, 2002 -- Republic of Armenia: Report on the Observance of Standards and Codes--Fiscal Transparency Module
Series: Country Report No. 02/37
March 04, 2002 -- Republic of Armenia: Report on the Observance of Standards and Codes--Fiscal Transparency Module
Series: Country Report No. 02/37
February 04, 2002 -- Poverty Reduction, Growth and Debt Sustainability in Low-Income CIS Countries
Armenia, Azerbaijan, Georgia, the Kyrgyz Republic, Moldova, Tajikistan and Uzbekistan are the poorest countries in the CIS, and their transition to market-based economies over the past decade has been extremely difficult. In many cases, the economic disruptions created by the break-up of the former Soviet Union were compounded by diverse shocks, including armed conflicts and massive changes in the terms of trade. For the group as a whole, real GDP fell by an average of almost 50 percent between 1990 and 1995, and poverty and inequality increased substantially. Since then, growth has resumed, but both financial and physical (life expectancy and nutritional status) indicators of living standards remain depressed or may have deteriorated in some countries. In several cases, a large volume of external debt has also been accumulated, undermining prospects for growth and poverty reduction.
January 16, 2002 -- Republic of Armenia: Report on Observance of Standards and Codes-Data Module and Detailed Assessments Using the Data Quality Assessment Framework
Series: Country Report No. 02/6
January 16, 2002 -- Republic of Armenia: Report on Observance of Standards and Codes-Data Module and Detailed Assessments Using the Data Quality Assessment Framework
Series: Country Report No. 02/6
November 17, 2001 -- Statement by Mr. Gerrit Zalm, Minister of Finance of the Netherlands, at the International Monetary and Financial Committee, Ottawa, Canada, November 17, 2001
The International Monetary and Financial Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Republic of Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, Kingdom of the Netherlands-Netherlands, Romania, and Ukraine
July 31, 2001 -- The Economic Transition in Armenia -- Speech by John Odling-Smee, Director, European II Department
Given at the American University of Armenia in Yerevan
May 29, 2001 -- Republic of Armenia: Recent Economic Developments and Selected Issues
Series: Country Report No. 01/78
May 24, 2001 -- News Brief: IMF Approves US$87 Million PRGF Credit to Armenia
May 21, 2001 -- Press Release: IMF Approves in Principle US$87 Million PRGF Credit to Armenia
April 29, 2001 -- Statement by Mr. Nout Wellink, President of the Nederlandsche Bank, on behalf of Mr. Gerrit Zalm, Minister of Finance of the Netherlands, to the International Monetary and Financial Committee Meeting April 29, 2001
The International Monetary and Financial Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Republic of Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, Kingdom of the Netherlands-Netherlands, Romania, and Ukraine
April 29, 2001 -- Statement Joint Session IMFC / Development Committee Meeting April 29, 2001 by Eveline Herfkens, Minister for Development Co-operation, The Netherlands
This Joint session once again shows our commitment to the fight against poverty.
April 27, 2001 -- Joint Staff Assessment of the Interim Poverty Reduction Strategy Paper
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 412Kb
April 26, 2001 -- Armenia Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 26, 2001
This Letter of Intent of the government of Armenia describes the policies that Armenia intends to implement in the context of its request for financial support from the IMF.
March 30, 2001 -- Republic of Armenia-Interim Poverty Reduction Strategy Paper--Table of Contents
Describes countries' macroeconomic, structural, and social policies to foster growth and reduce poverty in three-year economic adjustment programs supported by PRGF resources, as well as associated external financing needs and major financing sources.

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