Republic of Armenia: Second Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Rephasing of Purchases: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director and Advisor for the Republic of Armenia.
November 19, 2009
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
This paper discusses key findings of the Second Review Under the Stand-By Arrangement (SBA) for Armenia. The authorities met all quantitative performance criteria for end-June and end-September, with the exception of the end-September fiscal balance. All structural benchmarks for end-June and end-September were also implemented. The authorities request a waiver of nonobservance for the end-September fiscal balance performance criterion given the minor and temporary nature of the deviation. IMF staff supports this request, as well as the authorities’ request for completing this review.
Subject: Credit, Exchange rates, External debt, Financial institutions, Foreign exchange, Loans, Money, Public debt
Keywords: accommodative monetary policy stance, CR, Credit, exchange rate volatility, Exchange rates, Global, growth, ISCR, Loans, monetary policy tool, reform, request, tax reform administration, VAT payer
Pages:
72
Volume:
2009
DOI:
Issue:
316
Series:
Country Report No. 2009/316
Stock No:
1ARMEA2009005
ISBN:
9781451801767
ISSN:
1934-7685
