Republic of Armenia: Ex Post Assessment of Long-Term Program Engagement
January 4, 2005
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This paper presents an Ex Post Assessment of Long-Term Program Engagement for Armenia. The quality of program implementation was uneven at the early stages of IMF engagement, but it has improved in recent years. Implementation of some key structural reforms suffered delays, reflecting in part capacity constraints and at times insufficient ownership. Collaboration between the IMF and the World Bank has been good. The Bank has played a valuable role in facilitating the streamlining of conditionality under the Poverty Reduction and Growth Facility arrangement.
Subject: Banking, Commercial banks, Economic sectors, Energy sector, Financial institutions, Macrostructural analysis, Revenue administration, Structural reforms, Tax administration core functions
Keywords: Armenia, banking sector, Commercial banks, CR, Energy sector, ESAF, ESAF period, ESAF program, expenditure arrears, government, ISCR, Met, PRGF arrangement, private sector, Structural reforms, Tax administration core functions
Pages:
27
Volume:
2005
DOI:
Issue:
002
Series:
Country Report No. 2005/002
Stock No:
1ARMEA2005001
ISBN:
9781451801569
ISSN:
1934-7685
