Republic of Armenia: Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director for the Republic of Armenia
December 16, 2020
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Armenia’s economy has been hit hard by twin shocks: the COVID-19 pandemic (now in its second wave), and the recent military hostilities involving the Nagorno- Karabakh conflict zone. Reflecting these shocks, growth is expected at -7¼ percent this year, with the fiscal deficit and debt rising considerably. Nonetheless, the authorities have responded promptly with healthcare and anti-crisis measures to limit the pandemic’s impact while protecting vulnerable groups and safeguarding macroeconomic stability.
Subject: Budget planning and preparation, COVID-19, Credit, Expenditure, Health, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Revenue administration
Keywords: Baltics, Budget planning and preparation, commercial bank support, COVID-19, CR, data availability, Europe, Global, government intervention, IMF staff calculation, ISCR, North America, October data, positivity rate, Public investment and public-private partnerships (PPP), reform effort, SME support program
Pages:
86
Volume:
2020
DOI:
Issue:
318
Series:
Country Report No. 2020/318
Stock No:
1ARMEA2020003
ISBN:
9781513549835
ISSN:
1934-7685
