Republic of Armenia : Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

November 19, 2015

Electronic Access:

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Summary:

This paper discusses Armenia’s Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing. Since late 2014, Armenia’s economic performance has been affected by significantly weaker external conditions, as the slowdown of the Russian economy, the weakening of the ruble, lower metals prices, and the strengthening of the dollar have led to pressures on external receipts, particularly remittances. Performance under the program has come under strain. Three performance criteria (PCs) were missed both at end-December 2014 and end-June 2015. The authorities are requesting waivers of nonobservance for the missed June and continuous PCs. The IMF staff supports completion of the review.

Series:

Country Report No. 15/320

Subject:

English

Publication Date:

November 19, 2015

ISBN/ISSN:

9781513598062/1934-7685

Stock No:

1ARMEA2015003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

102

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