on the Republic of Armenia:
March 7, 2014
December 7, 2012
December 12, 2011
June 29, 2011
June 28, 2010
Republic of Armenia: Financial Position in the Fund
Transactions with the Fund
Central Bank of the Republic of Armenia
Resident Representative Office in Armenia
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|Republic of Armenia and the IMF|
Updated June 30, 2015
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|External Debt and Fiscal Sustainability|
|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.
|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.