Republic of Armenia : Request for Arrangement Under the Extended Fund Facility

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

March 31, 2014

Electronic Access:

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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:

English

Publication Date:

March 31, 2014

ISBN/ISSN:

9781475535778/1934-7685

Stock No:

1ARMEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

107

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