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March 7, 2014
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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

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Central Bank of the Republic of Armenia


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Republic of Armenia and the IMF
Updated December 12, 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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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.
March 08, 2001 -- Transcript of a Joint Briefing by IMF European II Department Assistant Director, Mohammad Shadman-Valavi, and World Bank Sector Manager, Samuel Otoo, on External Debt and Fiscal Sustainability in Armenia, Georgia, Kyrgyz Republic, Moldova, and Tajikistan
These countries have received little in the way of bilateral grants and have relied increasingly on the Fund and the Bank for financial assistance. Their debt burden is expected to create serious balance of payments and fiscal difficulties and adversely affect poverty reduction efforts in these countries in the coming years.
February 07, 2001 -- Armenia, Georgia, Kyrgyz Republic, Moldova, and Tajikistan: External Debt and Fiscal Sustainability
This paper examines the debt situation in the five CIS countries that are eligible for PRGF and IDA only. It describes the size and composition of the debt and the key factors that have led to its rapid accumulation in recent years.
September 28, 2000 -- Statement by the Hon. Levon Barkhudaryan, Governor of the IMF for the Republic Of Armenia, at the Joint Annual Discussion
PDF File Size: 143Kb
September 24, 2000 -- Intervention by Mr. Gerrit Zalm, Minister of Finance of the Netherlands International Monetary and Financial Committee Meeting
The International Monetary and Financial Committee statement on behalf of the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, The Netherlands, Romania, and Ukraine.
April 16, 2000 -- International Monetary and Financial Committee Meeting Intervention by Mr. Nout Wellink, President of De Nederlandsche Bank
The International Monetary and Financial Committee member for the constituency consisting of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Netherlands, Romania, Ukraine.

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