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Yerevan, Armenia, Photo by Alexanyan

Armenia Resident Representative Site

Resident Representative Office in Armenia

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Armenia and the IMF. Additional information can be found on Armenia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Armenia.

News — Highlights


Interview with Teresa Daban Sanchez, IMF Resident Representative in Armenia

with Yerevan Today (in Armenian); July 17, 2015 click for more

Open Lesson by Masood Ahmed, Director, Middle East and Central Asia Department, IMF on “Challenges and Opportunities for Armenia in the Context of Regional and Global Economic Shocks”

Leadership School, June 30, 2015 click for more

“Women Entrepreneurship: Vision of New Developments”

Speech by Teresa Daban Sanchez, IMF Resident Representative in Armenia at the International Conference; organized by Armenian Young Women’s Association, Yerevan, Armenia (photos included) click for more

Policy Challenges for Armenia in the Context of Regional and Global Economic Shocks

Presentation by Teresa Daban Sanchez, IMF Resident Representative in Armenia; Hosted by CRRC-Armenia; June 2, 2015 click for more

Global and Regional Economic Outlook: Policy Challenges and Opportunities for Armenia

Presentation by Teresa Daban Sanchez, IMF Resident Representative in Armenia; May 26, 2015; Hosted by Armenian State University of Economics (ASUE) click for more

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Armenia and the IMF

Spillovers from Global and Regional Shocks to Armenia

November 23, 2015
Author/Editor: Knarik Ayvazyan ; Teresa Dabán Sánchez
Series: Working Paper No. 15/241
 click for more

Republic of Armenia: Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia

November 19, 2015
Series: Country Report No. 15/320 click for more

Press Release: IMF Executive Board Completes Second Review of Armenia’s Extended Arrangement, Approves US$16.3 Million Disbursement

November 6, 2015

Republic of Armenia -- Republic of Armenia: Letter of Intent and Technical Memorandum of Understanding, October 22, 2015

October 22, 2015
PDF File Size: 677Kb click for more

Press Release: Statement by IMF Director Masood Ahmed at the Conclusion of a Visit to Armenia

June 30, 2015

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Caucasus and Central Asia

image from the publication cover

Oil Price Decline and Regional Spillovers Darken the Outlook

Economic activity in the Caucasus and Central Asia (CCA) will continue to decelerate in 2015 mainly as a consequence of lower commodity prices and spillovers from Russia's slowdown. Where fiscal space and available financing allow, temporary fiscal easing would help economies respond to weakening demand and declining remittances. Over the medium term, fiscal consolidation is needed to rebuild depleted buffers and adjust spending plans to the new regional and global economic context. In light of the depreciation of the ruble and the appreciation of the dollar, greater exchange rate flexibility would ease pressure on reserves while helping oil exporters adjust to lower oil prices. Monetary policy may need to be tightened to keep inflation expectations anchored in the face of weakening currencies. Over the medium term, deep structural reforms, particularly to improve the business climate and governance, would raise prospects and make economic growth more inclusive and diversified.

Resident Representative for Armenia

Teresa Daban Sanchez

Teresa Daban Sanchez
Resident Representative
Ministry of Finance
1 Melik Adamyan Street
Room 233
Yerevan 0010, Armenia
Tel 1: +374-10-528-960
Tel 2: +374-10-545-834
Fax: +374-10-545-833