Executive Board
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Board Discussions
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

Central Bank
Central Bank of the Republic of Armenia


Resident Representative Office in Armenia

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Republic of Armenia and the IMF
Updated November 3, 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 02, 2009 -- Republic of Armenia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 02, 2009
PDF File Size: 448Kb
March 01, 2009 -- In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?
Author/Editor: Oomes, Nienke | Minasyan, Gohar | Stepanyan, Ara
Series: Working Paper No. 09/49
March 01, 2009 -- A New Keynesian Model of the Armenian Economy
Author/Editor: Mkrtchyan, Ashot Anatolii | Dabla-Norris, Era | Stepanyan, Ara
Series: Working Paper No. 09/66
February 10, 2009 -- Republic of Armenia: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF)
Series: Country Report No. 09/50
January 29, 2009 -- Republic of Armenia: 2008 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility - Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia.
Series: Country Report No. 09/29
December 22, 2008 -- Republic of Armenia: Selected Issues
Series: Country Report No. 08/375
December 22, 2008 -- Republic of Armenia: Second Poverty Reduction Strategy Paper
Series: Country Report No. 08/376
December 22, 2008 -- Republic of Armenia: Joint Staff Advisory Note on the Second Poverty Reduction Strategy Paper
Series: Country Report No. 08/377
November 24, 2008 -- Statement by IMF Deputy Managing Director Murilo Portugal at the Conclusion of his Visit of to Armenia
November 20, 2008 -- Public Information Notice: IMF Executive Board Concludes 2008 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.
November 18, 2008 -- Press Release: IMF Executive Board Approves Three Year, US$13.6 Million Poverty Reduction and Growth Facility Arrangement for the Republic of Armenia
October 11, 2008 -- IMFC Statement by Wouter Bos
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: 321Kb
September 19, 2008 -- Armenia: Concluding Statement of the IMF Mission (September 2008)
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.
September 16, 2008 -- Republic of Armenia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 16, 2008
PDF File Size: 454Kb
September 01, 2008 -- Garbage In, Gospel Out? Controlling for the Underreporting of Remittances
Author/Editor: Shonkwiler, J. Scott | Grigorian, David A. | Melkonyan, Tigran A.
Series: Working Paper No. 08/230
June 20, 2008 -- Armenia: 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.
June 05, 2008 -- Republic of Armenia: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility -Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Armenia
Series: Country Report No. 08/176
May 19, 2008 -- Press Release: IMF Executive Board Completes Sixth and Final Review Under the PRGF Arrangement with Armenia and Approves US$5.4 Million Disbursement
April 12, 2008 -- IMFC Statement by Wouter Bos, Minister of Finance, 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, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 155Kb
April 01, 2008 -- Estimating Equilibrium Exchange Rates for Armenia and Georgia
Author/Editor: Al Shehabi, Omar | Ding, Shuang
Series: Working Paper No. 08/110

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