{
  "title": "Republic of Armenia: Ex Post Assessment of Long-Term Program Engagement",
  "publication": "IMF Staff Country Reports, January 4, 2005",
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  "summary": "This paper presents an Ex Post Assessment of Long-Term Program Engagement for Armenia. The quality of program implementation was uneven at the early stages of IMF engagement, but it has improved in recent years.",
  "publishDate": "2005-01-04",
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  "sections": [
    {
      "heading": "Summary",
      "content": "- This paper presents an Ex Post Assessment of Long-Term Program Engagement for Armenia.\n- The quality of program implementation was uneven at the early stages of IMF engagement, but it has improved in recent years.\n- Implementation of some key structural reforms suffered delays, reflecting in part capacity constraints and at times insufficient ownership.\n- Collaboration between the IMF and the World Bank has been good.\n- The Bank has played a valuable role in facilitating the streamlining of conditionality under the Poverty Reduction and Growth Facility arrangement."
    },
    {
      "heading": "Key findings",
      "content": "- Program implementation quality:\n  - Uneven at early stages of IMF engagement.\n  - Improved in recent years.\n- Structural reforms:\n  - Some key structural reforms experienced delays.\n  - Delays reflected capacity constraints and at times insufficient ownership.\n- Multilateral collaboration:\n  - IMF–World Bank collaboration described as good.\n  - The World Bank facilitated streamlining of conditionality under the Poverty Reduction and Growth Facility arrangement."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Banking, Commercial banks, Economic sectors, Energy sector, Financial institutions, Macrostructural analysis, Revenue administration, Structural reforms, Tax administration core functions\n- Keywords: Armenia, banking sector, Commercial banks, CR, Energy sector, ESAF, ESAF period, ESAF program, expenditure arrears, government, ISCR, Met, PRGF arrangement, private sector, Structural reforms, Tax administration core functions\n\n---\n\n Content in this bundle\n\n- cr0502\n  - cr0502 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0502 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-armenia-ex-post-assessment-of-long-term-program-engagement-17962"
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    "Published: January 4, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451801569.002",
    "This paper presents an Ex Post Assessment of Long-Term Program Engagement for Armenia.",
    "The quality of program implementation was uneven at the early stages of IMF engagement, but it has improved in recent years.",
    "Implementation of some key structural reforms suffered delays, reflecting in part capacity constraints and at times insufficient ownership.",
    "Collaboration between the IMF and the World Bank has been good.",
    "The Bank has played a valuable role in facilitating the streamlining of conditionality under the Poverty Reduction and Growth Facility arrangement.",
    "Program implementation quality:",
    "Structural reforms:",
    "Multilateral collaboration:",
    "Subject: Banking, Commercial banks, Economic sectors, Energy sector, Financial institutions, Macrostructural analysis, Revenue administration, Structural reforms, Tax administration core functions",
    "Keywords: Armenia, banking sector, Commercial banks, CR, Energy sector, ESAF, ESAF period, ESAF program, expenditure arrears, government, ISCR, Met, PRGF arrangement, private sector, Structural reforms, Tax administration core functions",
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