Armenia: Recent Economic Developments

April 7, 1998

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Armenia: Recent Economic Developments, (USA: International Monetary Fund, 1998) accessed September 20, 2024

Summary

This paper describes economic developments in the Republic of Armenia during 1990s. The lagged effects of the more expansionary stance of late 1996, combined with real shocks in early 1997, especially poor weather, and a loss in the momentum in structural reform, particularly privatization, led to a slowdown in growth to about 3 percent during the first nine months of 1997 compared with the same period in 1996. Inflation, measured by the 12-month increase in consumer prices, rose to 23 percent by end-September 1997 from 16½ percent a year earlier.

Subject: Banking, Exports, External debt, Financial institutions, Imports, International trade, Revenue administration, Treasury bills and bonds

Keywords: Armenian authorities, Baltics, Banking system, Broad money, Capital expenditure, Commodity composition, CR, Debt service, Drinking water company, Enterprise profits, Exchange rate, Excise tax, Exports, Government of the Republic of Armenia, IMF UR, Imports, Interest rates development, ISCR, Privatization program, Telecommunication enterprise, Treasury bills and bonds

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/022
Stock No:

1ARMEA0011998
ISBN:

9781451801422
ISSN:

1934-7685

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