Republic of Armenia: 2008 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia.
January 29, 2009
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This 2008 Article IV Consultation highlights that Armenia’s recent economic performance has remained strong, and the economy is poised for another year of double-digit growth. Rising inflation, a widening current account deficit, and rapid credit growth have raised concerns about overheating. Executive Directors have commended the authorities for the successful implementation of macroeconomic policies under the Poverty Reduction and Growth Facility (PRGF)-supported program that expired in May 2008. Directors have also welcomed the authorities’ intention to withdraw fiscal stimulus during 2008–09 to address current imbalances.
Subject: Exchange rates, External debt, Fiscal policy, Foreign exchange, Revenue administration, Tax administration core functions
Keywords: CR, Exchange rates, executive director, executive director for the Republic of Armenia, FDI inflow, financing needs, fiscal policy credibility, Global, ISCR, statement, statement by Yuriy G. Yakusha, Tax administration core functions
Pages:
109
Volume:
2009
DOI:
Issue:
029
Series:
Country Report No. 2009/029
Stock No:
1ARMEA2009001
ISBN:
9781451801729
ISSN:
1934-7685
