Republic of Armenia: Third Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion
April 4, 2003
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This paper evaluates the Republic of Armenia’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) and a Request for Waiver of Performance Criterion. The PRGF-supported program remains on track. All but one of the December 2002 quantitative performance criteria were met, and all structural measures envisaged for implementation up until February 2003 have been carried out or implemented as a prior action for the third review. The targets on tax revenue, stock of domestic arrears, fiscal deficit, and net international reserves were met with comfortable margins.
Subject: Arrears, Banking, Economic sectors, Energy sector, Expenditure, External debt, Revenue administration
Keywords: Armenian authorities, Arrears, CR, Energy sector, equivalent, equivalent of SDR, executive board's discussion, government in order, ISCR, net present value, PRGF arrangement, three-year Poverty Reduction and Growth Facility
Pages:
65
Volume:
2003
DOI:
Issue:
093
Series:
Country Report No. 2003/093
Stock No:
1ARMEA0012003
ISBN:
9781451801460
ISSN:
1934-7685
