Republic of Armenia: Staff Report for the 2006 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility

December 11, 2006

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Format: Chicago

Republic of Armenia: Staff Report for the 2006 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2006) accessed November 28, 2024

Summary

Armenia’s economy continues to perform strongly. Prudent fiscal and monetary policies and ongoing structural reforms have contributed to double-digit growth in a low-inflation environment, a continued reduction in poverty, and a notable improvement in tax performance. The Poverty Reduction and Growth Facility (PRGF)-supported program is on track. Policy discussions centered around the appropriate monetary, exchange rate, and fiscal policy mix to maintain macroeconomic stability in the context of sizable foreign exchange inflows and on measures needed over the medium term to sustain and broaden economic growth.

Subject: Banking, Exchange rates, Expenditure, External debt, Foreign exchange, Revenue administration

Keywords: Authorities' reform effort, Baltics, CR, Equivalent of SDR, Exchange rates, Executive board discussion, Fiscal policy, Global, Inflation objective, ISCR, Projection model, Prudent fiscal policy

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/433
Stock No:

1ARMEA2006004
ISBN:

9781451801644
ISSN:

1934-7685

Notes

Public Information Notice also available in Armenian

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