## Republic of Armenia: Selected Issues

_IMF Staff Country Reports, June 5, 2019_

## Source details

**Canonical URL:** [Republic of Armenia: Selected Issues](https://www.imf.org/en/publications/cr/issues/2019/06/05/republic-of-armenia-selected-issues-46969)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/06/05/republic-of-armenia-selected-issues-46969/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/06/05/republic-of-armenia-selected-issues-46969/index.json)
- [Bundle manifest](/en/publications/cr/issues/2019/06/05/republic-of-armenia-selected-issues-46969/bundle-manifest.json)

## Bibliographic details
- Published: June 5, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498318570.002

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### Overview
- 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.

### Major findings from the simulations and analysis
- 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.

### Policy implications and recommendations
- 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.

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## Content in this bundle

- **Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019**
  - [Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019 (Markdown version)](/-/media/files/publications/cr/2019/1armea2019006.pdf.md){rel="alternate" type="text/markdown"}
  - [Republic of Armenia: Selected Issues; IMF Country Report No. 19/155; May 3, 2019 (PDF)](/-/media/files/publications/cr/2019/1armea2019006.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2019/06/05/republic-of-armenia-selected-issues-46969_