Republic of Armenia : Request for Three-Year Arrangement Under the Extended Fund Facility and Extended Credit Facility, and Cancellation of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia.

Author/Editor:

International Monetary Fund

Publication Date:

July 21, 2010

Electronic Access:

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Summary:

Economic activity appears to be recovering, underpinned by a strong policy response. Fiscal consolidation will be crucial to maintain debt sustainability and support the envisaged external adjustment over the medium term. Sound monetary and exchange rate policies are essential to maintain macroeconomic stability. Improvements in tax administration are needed to achieve the program’s goals of sound public finances and stronger economic growth. Broader efforts to strengthen the business environment are crucial to boost medium-term growth prospects. Risks to the program are manageable.

Series:

Country Report No. 10/223

Subject:

English

Publication Date:

July 21, 2010

ISBN/ISSN:

9781455204571/1934-7685

Stock No:

1ARMEA2010004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

81

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