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

Publication Date: March 31, 2014
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Summary: This paper discusses Armenia’s Request for Arrangement Under the Extended Fund Facility (EFF). Performance under the 2010–2013 program, which was supported by arrangements under the EFF and Extended Credit Facility (ECF), was sound, with growth restored, large fiscal and external imbalances reduced, and buffers rebuilt. However, challenges remain, particularly in further reducing vulnerabilities and strengthening medium-term growth dynamics. Fiscal policy will support the growth recovery in 2014 by providing a modest stimulus, before moving to a gradual consolidation stance in 2015–2017. The IMF Staff supports the authorities’ request for an IMF-supported program.
Series: Country Report No. 14/89
Subject(s): Extended Fund Facility | Economic growth | Fiscal policy | Government expenditures | Poverty reduction strategy | Fiscal reforms | Monetary policy | Inflation targeting | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Armenia

Publication Date: March 31, 2014
ISBN/ISSN: 9781475535778/1934-7685 Format: Paper
Stock No: 1ARMEA2014001 Pages: 107
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