Republic of Armenia: Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

July 21, 2016

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Republic of Armenia: Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses Armenia’s Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria (PC). Growth in Armenia is expected to remain subdued as recession in Russia continues and as the base effects of the 2015 one-off factors dissipate. The program performance has been broadly satisfactory. All end-December 2015 PCs, except for the fiscal deficit PC, and all the continuous PCs were met. The fiscal deficit PC was missed by 0.3 percent of GDP. The IMF staff supports completion of the review and the authorities’ request for a purchase in an amount equivalent to SDR 15.65 million.

Subject: Banking, Currencies, Expenditure, External sector statistics, Foreign exchange, Public debt, Revenue administration, Tax law, Tax policy

Keywords: Authorities estimate, Bank credit growth, Broad money, CBA, CR, Eastern Europe, Economic activity, Financial markets condition, Global, Government, Government plan, ISCR, Reform agenda objective, State company, Tax law

Publication Details

Pages:

101
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/246
Stock No:

1ARMEA2016001
ISBN:

9781498378406
ISSN:

1934-7685

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