Republic of Armenia: Poverty Reduction Strategy Paper: Progress Report
July 20, 2011
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The main drivers of economic growth in Armenia were the construction and service sectors. The global economic crisis resulted in a substantial change in the structure of the economy. The drastic decline in the volume of foreign financing prejudice the continuation of rapid economic growth in the medium term and point to the need for incentives for exports and diversification, as well as encouraging of high-quality job openings and high levels of productivity. Reforms are needed in the key sectors of agriculture and infrastructure.
Subject: Budget planning and preparation, Education, Expenditure, Poverty, Public debt, Public financial management (PFM)
Keywords: Baltics, Budget planning and preparation, CR, Eastern Europe, economic crisis, exchange rate, Global, ISCR, judicial system, monthly salary, poverty rate, public expenditure, RA government, SDP forecast, SDP implementation, SDP policy, SDP target, social policy, target indicator
Pages:
65
Volume:
2011
DOI:
Issue:
191
Series:
Country Report No. 2011/191
Stock No:
1ARMEA2011002
ISBN:
9781462344604
ISSN:
1934-7685
