Republic of Armenia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

June 2, 2005

Preview Citation

Format: Chicago

Republic of Armenia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed November 28, 2024

Summary

This paper assesses Armenia’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Under the previous PRGF-supported program, Armenia accomplished macroeconomic stability, rapid growth, and a significant reduction in poverty. To consolidate these gains, there is a need to address the remaining structural weaknesses and implementation gaps as identified in the ex post assessment of Armenia’s long-term IMF engagement. The 2005 reform agenda is ambitious and focuses on fiscal and financial sector reforms. Armenia’s economic outlook is favorable, although not without risks.

Subject: Banking, Capital spending, Expenditure, External debt, Fiscal policy, Revenue administration

Keywords: Capital spending, CR, Customs administration reform, Customs collection, Expenditure execution, Global, Government, ISCR, PRGF loan, PRGF-supported program, Reform, Tax revenue collection, Taxpayer

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/178
Stock No:

1ARMEA2005004
ISBN:

9781451801590
ISSN:

1934-7685

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