Executive Board
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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
   2014  2015
Real GDP 3.2 3.5
Consumer Prices 1.8 3.8
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Republic of Armenia: Financial Position in the Fund

Transactions with the Fund

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Central Bank of the Republic of Armenia


Resident Representative Office in Armenia

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Republic of Armenia and the IMF
Updated October 11, 2014

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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April 16, 2005 -- IMFC Statement by the Honorable Gerrit Zalm, Minister of Finance of The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 892Kb
January 04, 2005 -- Republic of Armenia: Ex Post Assessment of Long-Term Program Engagement
Series: Country Report No. 05/2
December 17, 2004 -- Republic of Armenia: 2004 Article IV Consultation, Sixth Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria--Staff Report; Staff Statement; and Public Information Notice and Press Release on the Executive Board Discussion
Series: Country Report No. 04/410
December 10, 2004 -- Public Information Notice: IMF Executive Board Concludes Article IV Consultation with the Republic of Armenia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
December 01, 2004 -- Press Release: IMF Executive Board Completes Final Review Under PRGF Arrangement for the Republic of Armenia
December 01, 2004 -- Exchange Rate, Money, and Wages: What is Driving Prices in Armenia?
Author/Editor: Grigorian, David A. | Khachatryan, Armine | Sargsyan, Grigor
Series: Working Paper No. 04/229
October 27, 2004 -- Republic of Armenia -- Letter of Intent and Memorandum of Economic Policies, October 27, 2004
This Letter of Intent of the government of the Republic of Armenia describes the policies that the Republic of Armenia intends to implement in the context of its request for financial support from the IMF.
August 01, 2004 -- Analysis of Recent Growth in Low-Income CIS Countries
Author/Editor: Loukoianova, Elena | Unigovskaya, Anna
Series: Working Paper No. 04/151
May 14, 2004 -- Republic of Armenia: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Extension of the Arrangement--Staff Report; Staff Statement; and Press Release on the Executive Board Discussion
Series: Country Report No. 04/136
May 03, 2004 -- Press Release: IMF Completes Fifth Review Under PRGF for the Republic of Armenia, Approves Request for Extension of the Arrangement Through December 2004
May 01, 2004 -- Debt Accumulation in the CIS-7 Countries: Bad Luck, Bad Policies, or Bad Advice
Author/Editor: Helbling, Thomas | Mody, Ashoka | Sahay, Ratna
Series: Working Paper No. 04/93
April 26, 2004 -- Press Release: IMF, World Bank, EBRD and AsDB Release Report on CIS-7 Initiative
April 24, 2004 -- IMFC Statement by Gerrit Zalm, Minister of Finance of the Netherlands
On behalf of: Republic of Armenia, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 610Kb
April 23, 2004 -- Recent Policies and Performance of the Low-Income CIS Countries -- An Update of the CIS-7 Initiative
The second report to the Executive Boards since the launch of the CIS-7 Initiative in April 2002. This Initiative was designed to increase donor awareness about the problems of these countries, and to enhance donor and country coordination. Presents a review of recent trends and developments in the seven low-income countries of the CIS, Armenia, Azerbaijan, Georgia, Kyrgyz Republic, Moldova, Tajikistan, and Uzbekistan. Also describes donor activities in support of reforms in these areas.
April 07, 2004 -- Republic of Armenia -- Letter of Intent, Supplementary Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 7, 2004
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.
February 20, 2004 -- Armenia - IMF Mission Concluding Statement
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.
December 03, 2003 -- Republic of Armenia: Fourth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion--Staff Report; Staff Statement; and Press Release on the Executive Board Discussion
Series: Country Report No. 03/379
December 02, 2003 -- Republic of Armenia: Joint Staff Assessment of the Poverty Reduction Strategy Paper
Series: Country Report No. 03/378
December 01, 2003 -- Country Focus: The Commonwealth of Independent States -- Finance & Development - December 2003 - Volume 40 - Number 4
A decade after starting their transition to market economies, the CIS countries have achieved impressive economic growth but need to implement further structural reforms to strengthen the investment climate; a statistical analysis illustrated with six graphs.
PDF File Size: 63 Kb
December 01, 2003 -- Bridging the "Great Divide" -- Finance & Development - December 2003 - Volume 40 - Number 4
Poorly developed financial systems in the CIS-7 countries may jeopardize their sustained growth.
PDF File Size: 195 Kb

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