Armenia: At a Glance
- Current IMF membership: 189 countries
- Armenia joined the Fund on May 28, 1992; Article VIII
- Quota: SDR 128.8 million
- Latest Macroeconomic Data for Armenia; October, 2019
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Office Activities
Presentation by Yulia Ustyugova, IMF Resident Representative in Armenia
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IMF Sees Faster Growth In Armenia
Interview with Yulia Ustyugova, IMF Resident Representative in Armenia to Radio Free Europe/Radio Liberty (Available in Armenian https://www.azatutyun.am/a/30280215.html)
November 20, 2019
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Tax Policy Challenges for Economic Growth and Fiscal Sustainability
Presentation by Yulia Ustyugova, IMF Resident Representative in Armenia at a Round Table on Tax Administration and Legislation, organized by European Business Association (EBA) Armenia
November 20, 2019
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Yulia Ustyugova: Armenia can get access to IMF “insurance line” (русский)
Interview with Yulia Ustyugova, IMF Resident Representative in Armenia to Arminfo News Agency
May 7, 2019
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IMF: Armenia should implement carefully-planned structural reforms while maintaining macroeconomic and financial stability (русский)
Interview with Yulia Ustyugova, IMF Resident Representative in Armenia to ARKA news Agency
March 28, 2019
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Interview with Yulia Ustyugova, IMF Resident Representative in Armenia to ARKA news Agency
December 13, 2018
IMF’s Work on Armenia
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Five Charts That Illustrate COVID-19’s Impact on the Middle East and Central Asia
July 16, 2020
The Middle East and Central Asia countries acted quickly and decisively in response to COVID-19. Despite their efforts, the pandemic has inflicted heavy economic damage on the region. Growth projections have been revised down since the April 2020 Regional Economic Outlook, the IMF says in its latest update to the report.
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May 22, 2020
Author/Editor:International Monetary Fund. Middle East and Central Asia Dept.
Series:Country Report No. 2020/176 -
May 18, 2020
The Executive Board of the International Monetary Fund (IMF) completed the second review of the Republic of Armenia’s performance under the program supported by the Stand-By Arrangement (SBA). Armenia’s three-year SBA of SDR 180 million (about US$248 million), equivalent to 139.75 percent of Armenia’s quota in the IMF, was approved by the IMF’s Board on May 17, 2019 (see Press Release No. 19/173).
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COVID-19 Poses Formidable Threat for Fragile States in the Middle East and North Africa
May 13, 2020
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Confronting the COVID-19 Pandemic in the Middle East and Central Asia
April 15, 2020
Regional Economic Outlook
July 13, 2020
The Middle East and Central Asia (MCD) region has reacted to the global COVID-19 pandemic with swift and stringent measures that have saved lives. However, these policies have also had a large impact on domestic economic activity. With several countries in the region beginning reopening in past weeks, and a recent uptick in activity, rising infection numbers may pose risks. A sharp decline in oil prices together with production cuts among oil exporters and disruptions in trade and tourism added further headwinds. As a result, growth in the region is now projected at –4.7 percent in 2020, 2 percentage points lower than in April 2020. The unusually high level of uncertainty regarding the length of the pandemic and its impact on firm closures, the resulting downside risks (including social unrest and political instability), and potential renewed volatility in global oil markets dominate the outlook. The pandemic will continue to test countries’ health capacity and economic resilience. While ensuring strong health systems remains the immediate priority, governments should also focus on supporting the recovery and setting up resilient and well-targeted social safety nets. As the pandemic wanes, countries should facilitate recovery by easing the reallocation of workers and resources, as needed, while resuming gradual fiscal adjustment and rebuilding policy buffers. Multilateral support can play a key role in helping countries surmount these shocks.Read the Report