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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 December 12, 2014

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IMF Survey Online
November 03, 2014 -- IMF Survey : Caucasus, Central Asia Face Dimmer Growth Prospects
Growth in the Caucasus and Central Asia is expected to decline by about one percentage point of GDP in response to the slowdown in Russia, says the latest regional forecast by IMF staff.
October 31, 2011 -- IMF Survey: Caucasus, Central Asia Set for Robust Growth, But Global Risks Weigh
Growth in the Caucasus and Central Asia is expected to remain fairly robust, but policymakers should be mindful of inflation risks and take advantage of the strong recovery to prepare for any downside risks that might materialize, the IMF says.
May 31, 2011 -- IMF Survey: Setting Inflation Target Remains an Effective Tool
Adopting an inflation-forecast targeting regime can help reduce economic uncertainty and the severity of boom-and-bust cycles—two benefits that were borne out in several countries during the recent crisis and the subsequent rise in food and fuel prices, economists said at a seminar in Armenia.
October 28, 2010 -- IMF Survey: Recovery Takes Hold in Caucasus, Central Asia
The economic upturn in the Caucasus and Central Asia is gathering momentum, with growth for the region projected to increase to 5¾ percent in 2010 from 3½ percent in 2009, the IMF says in its latest forecast for the region.
October 03, 2009 -- IMF Survey: Caucasus, Central Asia Feel Crisis Impact, But Set for Modest Upturn
The global crisis has severely impacted the Caucasus and Central Asia (CCA), with growth for the region projected to drop from 6.6 percent in 2008 to 1.5 percent in 2009, according to the IMF’s latest forecast for Middle East and Central Asia
May 11, 2009 -- IMF Survey: Crisis Virtually Halts Growth in Caucasus and Central Asia
Growth in the Caucasus and Central Asia is expected to come to a near halt this year—contracting to 0.9 percent in 2009 from 6.3 percent in 2008—and recover only gradually in 2010, according to the latest IMF forecast for the region.
March 09, 2009 -- IMF Survey: IMF Lends Armenia $540 Million to Counter Crisis Impact
The IMF has approved a $540 million loan to Armenia to help the country cope with shocks and boost confidence in its currency and financial system.