Republic of Armenia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

December 2, 2005

Preview Citation

Format: Chicago

Republic of Armenia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed September 19, 2024

Summary

The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on the Republic of Armenia highlights economic developments and the macroeconomic framework. Armenia’s economy continues to perform strongly. Prudent fiscal and monetary policies, strong external inflows, and ongoing structural reforms have contributed to double-digit growth, low inflation, and declining poverty. Armenia’s economic outlook is favorable, although not without risks. The main policy challenge is how to deal with large remittance inflows when government deposits are large and social and infrastructure needs remain pressing.

Subject: Banking, Exchange rates, Expenditure, External debt, Foreign exchange, Monetary base, Money, Revenue administration, Structural reforms

Keywords: Authority, Base money growth target, CR, Exchange rates, Fiscal policy, Global, ISCR, Monetary base, PRGF loan, PRGF-supported program, Prudent fiscal policy, Reform effort

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/422
Stock No:

1ARMEA2005005
ISBN:

9781451801606
ISSN:

1934-7685

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