{
  "title": "Republic of Armenia: Selected Issues",
  "publication": "IMF Staff Country Reports, June 5, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/06/05/republic-of-armenia-selected-issues-46969",
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  "summary": "This Selected Issues paper on the Republic of Armenia seeks to quantify the macroeconomic impact of the government’s reform agenda, which covers three broad areas: tax policy and pension; governance, government efficiency, and corruption; and labor market and competition.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication type: IMF Staff Country Reports.\n- Title: \"Republic of Armenia: Selected Issues\".\n- Date: June 5, 2019.\n- Purpose: To quantify the macroeconomic impact of the government’s reform agenda covering three broad areas: tax policy and pension; governance, government efficiency, and corruption; and labor market and competition.\n- Core premise: Strengthening growth and competitiveness and addressing governance problems requires comprehensive reform efforts."
    },
    {
      "heading": "Major findings from the simulations and analysis",
      "content": "- The government’s tax policy reform can have a positive impact on output in the medium run if it is accompanied by supporting measures.\n- A full implementation of the reform package would yield substantial benefits for the economy; in particular, it could increase real GDP by as much as 7 percent over the long run.\n- Measures proposed to enhance corporate transparency include accounting and auditing reforms.\n- A more systematic support program for small and medium-sized enterprises, along with labor market reforms, should also help alleviate unemployment difficulties.\n- The new government has made it clear that fighting corruption and improving governance remain top priorities."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Implement comprehensive reforms across tax policy and pension, governance and anti-corruption, and labor market and competition to strengthen growth and competitiveness.\n- Pair tax policy reform with supporting measures to ensure a positive medium-run output impact.\n- Enhance corporate transparency through accounting and auditing reforms.\n- Design and implement a systematic support program for small and medium-sized enterprises.\n- Pursue labor market reforms to address unemployment difficulties.\n- Maintain strong anti-corruption and governance-improvement initiatives as stated government priorities.\n\n---\n\n Content in this bundle\n\n- Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019\n  - Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2019/06/05/republic-of-armenia-selected-issues-46969/index.md)",
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    "Published: June 5, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498318570.002",
    "Publication type: IMF Staff Country Reports.",
    "Title: \"Republic of Armenia: Selected Issues\".",
    "Date: June 5, 2019.",
    "Purpose: To quantify the macroeconomic impact of the government’s reform agenda covering three broad areas: tax policy and pension; governance, government efficiency, and corruption; and labor market and competition.",
    "Core premise: Strengthening growth and competitiveness and addressing governance problems requires comprehensive reform efforts.",
    "The government’s tax policy reform can have a positive impact on output in the medium run if it is accompanied by supporting measures.",
    "A full implementation of the reform package would yield substantial benefits for the economy; in particular, it could increase real GDP by as much as 7 percent over the long run.",
    "Measures proposed to enhance corporate transparency include accounting and auditing reforms.",
    "A more systematic support program for small and medium-sized enterprises, along with labor market reforms, should also help alleviate unemployment difficulties.",
    "The new government has made it clear that fighting corruption and improving governance remain top priorities.",
    "Implement comprehensive reforms across tax policy and pension, governance and anti-corruption, and labor market and competition to strengthen growth and competitiveness.",
    "Pair tax policy reform with supporting measures to ensure a positive medium-run output impact.",
    "Enhance corporate transparency through accounting and auditing reforms.",
    "Design and implement a systematic support program for small and medium-sized enterprises.",
    "Pursue labor market reforms to address unemployment difficulties.",
    "Maintain strong anti-corruption and governance-improvement initiatives as stated government priorities.",
    "**Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019**"
  ],
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      "title": "Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019",
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