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Armenia

Yerevan, Armenia, Photo by Alexanyan

Armenia Resident Representative Site

Resident Representative Office in Armenia

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Armenia and the IMF. Additional information can be found on Armenia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Armenia.

News — Highlights

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Presentation on "Global Economic Outlook and Policy Challenges for Armenia" by Teresa Daban Sanchez, IMF Resident Representative in Armenia

live on Civilnet.am (in English and Armenian); Hosted by Research Center ALTERNATIVE and Yerevan State University December 17, 2014 click for more

Interview with Teresa Daban Sanchez, IMF Resident Representative in Armenia

with Armnews Banadzev TV Program (in Armenian); December 16, 2014 click for more

“IMF: 40% of food products in Russia were from Europe, now they could be from Armenia”

Interview in Armenian with Teresa Daban Sanchez, IMF Resident Representative to “Hraparakum” TV series; December 5, 2014 December 5, 2014 click for more

Increasing Regional Risks Call for Intensified Economic Reforms in the Caucasus and Central Asia

Op-ed by Juha Kähkönen and Teresa Daban Sanchez; December 5, 2014 click for more

Presentation on "Global Economic Outlook and Policy Challenges for Armenia"

By Teresa Daban Sanchez; Yerevan, December 5, 2014 click for more

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Armenia and the IMF

Transcript of the Middle East and Central Asia Economic Outlook Update Press Briefing

April 17, 2015

IMF Program Note on the Republic of Armenia

April 6, 2015
Program Note on the Republic of Armenia click for more

Republic of Armenia: 2014 Article IV Consultation-First Review Under the Extended Arrangement-Staff Report; Staff Supplement; and Press Release

March 11, 2015
Series: Country Report No. 15/65 click for more

Republic of Armenia: Selected Issues Paper

March 11, 2015
Series: Country Report No. 15/66 click for more

IMF Executive Board Completes First Review under the Extended Arrangement, Approves US$17 Million Disbursement, and Concludes 2014 Article IV Consultation with Armenia

December 30, 2014

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Caucasus and Central Asia

image from the publication cover

Oil Price Decline and Regional Spillovers Darken the Outlook

Economic activity in the Caucasus and Central Asia (CCA) will continue to decelerate in 2015 mainly as a consequence of lower commodity prices and spillovers from Russia's slowdown. Where fiscal space and available financing allow, temporary fiscal easing would help economies respond to weakening demand and declining remittances. Over the medium term, fiscal consolidation is needed to rebuild depleted buffers and adjust spending plans to the new regional and global economic context. In light of the depreciation of the ruble and the appreciation of the dollar, greater exchange rate flexibility would ease pressure on reserves while helping oil exporters adjust to lower oil prices. Monetary policy may need to be tightened to keep inflation expectations anchored in the face of weakening currencies. Over the medium term, deep structural reforms, particularly to improve the business climate and governance, would raise prospects and make economic growth more inclusive and diversified.

Resident Representative for Armenia

Teresa Daban Sanchez

Teresa Daban Sanchez
Resident Representative
Ministry of Finance
1 Melik Adamyan Street
Room 233
Yerevan 0010, Armenia
E-mail: rr-arm@imf.org
Tel 1: +374-10-528-960
Tel 2: +374-10-545-834
Fax: +374-10-545-833