Republic of Armenia: Second Reviews Under the Extended Fund Facility and Extended Credit Facility, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia.
July 13, 2011
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
In this study, Armenia’s financial challenges observed in the global crisis are discussed, and also the development processes initiated by Armenia are analyzed. Short- and medium-term outlooks, and risks are also outlined. Fiscal, monetary, and banking sector policies play important roles in the development of the financial system. Structural reforms are accelerated for addressing imbalances, sustainable growth, and poverty reduction. Sound macroeconomic policies and structural reforms will help to ensure rise in productivity, exports, and inflation pickup and reduce the foreign exchange risk.
Subject: Commercial banks, Financial institutions, Foreign exchange, Inflation, Loans, Prices, Revenue administration, Tax administration core functions
Keywords: authorities project inflation, central bank of Armenia, Commercial banks, CR, Extended Credit Facility arrangement, GDP, Global, IMF's executive board, Inflation, ISCR, Loans, revenue administration reform, SDR, target deficit, Tax administration core functions
Pages:
69
Volume:
2011
DOI:
Issue:
178
Series:
Country Report No. 2011/178
Stock No:
1ARMEA2011001
ISBN:
9781455299768
ISSN:
1934-7685
