Republic of Armenia: Staff Report for the 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
April 2, 2002
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This paper assesses the Republic of Armenia’s 2001 Article IV Consultation and a Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The economic situation in Armenia has improved since mid-2000 following the deterioration in late 1999 and early 2000. Real GDP began to recover in the second quarter and increased by 6 percent for 2000 as a whole. The authorities have made progress in reforming the energy sector, which remains a considerable financial drain on the budget and the rest of the economy.
Subject: Arrears, Expenditure, External debt, Monetary base, Money, Revenue administration
Keywords: approval, Arrears, CR, disbursement of SDR, EDC privatization law, Executive Board's discussion, ISCR, Monetary base, poverty reduction objective, PRGF credit, World Bank executive board
Pages:
110
Volume:
2002
DOI:
Issue:
073
Series:
Country Report No. 2002/073
Stock No:
1ARMEA0032002
ISBN:
9781451801514
ISSN:
1934-7685
