IMF Office in ARMENIA

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Armenia and the IMF. Additional information can be found on Armenia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Armenia.

Armenia and the IMF

Armenia: At a Glance
Office Activities

IMF’s Work on Armenia
Regional Economic Outlook

Armenia: At a Glance

Current IMF membership: 190 countries
Armenia joined the Fund on May 28, 1992; Article VIII
Quota: SDR 128.8 million
Latest Macroeconomic Data for Armenia; October, 2019
PDF Version | Excel Data

Office Activities

Armenia REO presentation

Presentation by Yulia Ustyugova, IMF Resident Representative in Armenia

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
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
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
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
Ustyugova: risks to economic resilience and growth could stem from slower implementation of structural reform agenda in Armenia

Interview with Yulia Ustyugova, IMF Resident Representative in Armenia to ARKA news Agency

December 13, 2018

IMF’s Work on Armenia

IMF Staff Concludes Virtual Staff Visit to Republic of Armenia

September 15, 2021
New Technologies, Financial Inclusion, and Monetary Policy in the Caucasus and Central Asia (CCA)

July 15, 2021
IMF Staff Concludes Visit to Republic of Armenia

April 21, 2021

The Armenian economy has been severely affected by the COVID-19 pandemic and military hostilities. GDP dropped by 7.6 percent in 2020 reflecting the decline in services and trade. Annual inflation accelerated to 5.8 percent in March 2021 amid recent global food inflation and dram depreciation. The fiscal deficit widened to around 5½ percent of GDP in 2020, reflecting the impact of government support to vulnerable firms and households and higher health spending, with government debt ending 2020 at about 63½ percent of GDP. The current account deficit narrowed to 3.1 percent of GDP in 2020 and gross reserves, albeit somewhat reduced, remain adequate.
Regional Economic Outlook: Arising from the Pandemic: Building Forward Better

April 11, 2021
Republic of Armenia : Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director for the Republic of Armenia

December 16, 2020

Author/Editor:International Monetary Fund. Middle East and Central Asia Dept.
Series:Country Report No. 2020/318

Regional Economic Outlook

October 19, 2021

Read the Report