## Growth and Poverty Reduction in Armenia: Achievements and Challenges

_IMF Special Issues, November 9, 2005_

## Source details

**Canonical URL:** [Growth and Poverty Reduction in Armenia: Achievements and Challenges](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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## Bibliographic details
- 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

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### Overview and Key Outcomes
- 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.

### Drivers of Growth and Poverty Reduction
- 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.

### Contextual Constraints Highlighted
- Geographical location challenges.
- Closure of two critical borders.
- Occasional political turmoil.

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## Content in this bundle

- **Growth and Poverty Reduction in Armenia: Achievements and Challenges**
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_Source: https://www.imf.org/en/publications/imf-special-issues/issues/2016/12/31/growth-and-poverty-reduction-in-armenia-achievements-and-challenges-18231_