IMF Staff Country Reports

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

Publication Date:

December 16, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2020/318

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

Frequency:

regular