{
  "title": "Growth and Poverty Reduction in Armenia: Achievements and Challenges",
  "publication": "IMF Special Issues, November 9, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/imf-special-issues/issues/2016/12/31/growth-and-poverty-reduction-in-armenia-achievements-and-challenges-18231",
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  "summary": "Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent a year, annual inflation has averaged 3 percent, and poverty and inequality have fallen.",
  "sections": [
    {
      "heading": "Overview and Key Outcomes",
      "content": "- Since 2000, real economic growth has averaged 11 percent a year.\n- Annual inflation has averaged 3 percent.\n- Poverty and inequality have fallen over the period.\n- The country has outperformed other low-income countries, including other members of the Commonwealth of Independent States.\n- The book assesses Armenia's economic transformation during the last 10 years and discusses the challenges to sustaining these successes."
    },
    {
      "heading": "Drivers of Growth and Poverty Reduction",
      "content": "- Prudent monetary and fiscal policies.\n- Liberal trade and foreign exchange regimes.\n- Rapid and relatively well-sequenced structural reforms.\n- Support from the Armenian diaspora.\n- Implementation of a poverty reduction strategy since 2002, which complemented the effect of economic growth on reducing poverty."
    },
    {
      "heading": "Contextual Constraints Highlighted",
      "content": "- Geographical location challenges.\n- Closure of two critical borders.\n- Occasional political turmoil.\n\n---\n\n Content in this bundle\n\n- Growth and Poverty Reduction in Armenia: Achievements and Challenges\n  - Growth and Poverty Reduction in Armenia: Achievements and Challenges (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Growth and Poverty Reduction in Armenia: Achievements and Challenges (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/imf-special-issues/issues/2016/12/31/growth-and-poverty-reduction-in-armenia-achievements-and-challenges-18231"
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    "[Markdown version](/en/publications/imf-special-issues/issues/2016/12/31/growth-and-poverty-reduction-in-armenia-achievements-and-challenges-18231/index.md)",
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    "Authors: Christian H. Beddies, Enrique A Gelbard, James McHugh, Laure Redifer, Garbis Iradian",
    "Published: November 9, 2005",
    "Series: IMF Special Issues",
    "DOI: https://doi.org/10.5089/9781589064515.058",
    "Since 2000, real economic growth has averaged 11 percent a year.",
    "Annual inflation has averaged 3 percent.",
    "Poverty and inequality have fallen over the period.",
    "The country has outperformed other low-income countries, including other members of the Commonwealth of Independent States.",
    "The book assesses Armenia's economic transformation during the last 10 years and discusses the challenges to sustaining these successes.",
    "Prudent monetary and fiscal policies.",
    "Liberal trade and foreign exchange regimes.",
    "Rapid and relatively well-sequenced structural reforms.",
    "Support from the Armenian diaspora.",
    "Implementation of a poverty reduction strategy since 2002, which complemented the effect of economic growth on reducing poverty.",
    "Geographical location challenges.",
    "Closure of two critical borders.",
    "Occasional political turmoil.",
    "**Growth and Poverty Reduction in Armenia: Achievements and Challenges**"
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