IMF Staff Country Reports

Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director

December 17, 2024

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Format: Chicago

International Monetary Fund. Middle East and Central Asia Dept. "Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director", IMF Staff Country Reports 2024, 348 (2024), accessed December 17, 2024, https://0-doi-org.library.svsu.edu/10.5089/9798400297267.002

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Summary

Economic activity remains strong but moderating as transitory trade, remittances, and capital flows peter out. The outlook is positive, with growth expected to reach 6.0 percent in 2024 and to converge gradually to its long-term rate. Inflation has picked up very slowly and is expected to remain below the CBA’s inflation target in the short term, weighed down by low food and energy inflation, dram appreciation, and the lagged effect of tight monetary policy. Geopolitical tensions, a slowdown in main trading partners, and a possible reversal of capital flows remain the main risks to the outlook.

Subject: Bank resolution framework, Exchange rates, Expenditure, Exports, External debt, Financial crises, Financial sector policy and analysis, Financial sector stability, Foreign exchange, Government debt management, Inflation, International trade, Prices, Public debt, Public financial management (PFM)

Keywords: Bank resolution framework, Exchange rates, Exports, Financial sector stability, Fiscal risks, Government debt management, Inflation, Revenue administration

Publication Details

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