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
Presentation on “IMF Technical Assistance for Formulation of the Tax Code” by Teresa Daban Sanchez, IMF Resident Representative in Armenia during the International Conference on Drafting A Unified Tax Code – Heading Towards Change
Presentation on “Key Aspects of Macro-prudential Policy” by Teresa Daban Sanchez, IMF Resident Representative in Armenia during the XXVII Annual Conference “Financial Stability as a Cornerstone for Sustainable Growth”
Presentation on “Caucasus and Central Asia: Regional Economic Outlook for Armenia” by Teresa Daban Sanchez, IMF Resident Representative in Armenia
Remarks by Teresa Daban Sanchez, IMF Resident Representative in Armenia at the Graduation Ceremony at the Leadership School (in pictures)
Interview with Teresa Daban Sanchez, IMF Resident Representative in Armenia, to Radio Free Europe/Radio Liberty (in Armenian)
Armenia and the IMF
April 7, 2014
Program Note on the Republic of Armenia
Republic of Armenia: Request for Arrangement Under the Extended Fund Facility; Staff Report; Press Release; and Statement by the Executive Director for the Republic of Armenia
March 31, 2014
Series: Country Report No. 14/89
Republic of Armenia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, February 17, 2014
February 17, 2014
PDF File Size: 551Kb
Press Release: IMF Reaches Staff-Level Agreement with Armenia on Request for Extended Fund Facility Arrangement
Regional Economic Outlook Update: Middle East & Central Asia
Growth has been tepid across the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) region. In 2013, declines in oil production held back growth in the oil-exporting countries. Weak private investment, amid political transitions and conflict, continued to take a toll on economic activity in the oil-importing countries. Growth is expected to strengthen this year in line with an improved global outlook. However, weak confidence and, in some cases, large public deficits will continue to weigh on the region's economic prospects. Deeper economic transformations are necessary to ensure robust and inclusive growth and creation of enough jobs for the rapidly-growing labor force.
Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6.5 percent in 2013 to 6 percent in 2014, mainly because of weakening growth momentum in emerging market trading partners (particularly, China, Russia, and Turkey) and a temporary decline in oil output growth in Kazakhstan. Risks remain tilted to the downside. In particular, a slowdown in emerging market trading partners may weaken exports, foreign direct investment, and remittances. Policy priorities center on rebuilding buffers and increasing exchange rate flexibility to help adjust to unanticipated shocks. Stronger macroeconomic frameworks would provide a more credible anchor to economies. Rapid credit growth in some countries calls for strengthening the prudential policies to ensure the continued soundness of financial institutions. Structural reforms to improve the business environment and governance, as well as closer regional cooperation, would enable CCA countries to achieve their goal of becoming dynamic emerging market economies.