This paper discusses findings of the Fourth Review of Armenia’s economic performance under a program supported by Extended Fund Facility and Extended Credit Facility Arrangements. Adherence to the policies agreed under the IMF-supported program has played an important role in helping Armenia restore solid growth. The 2011 fiscal deficit was well below program targets, reflecting restrained spending. The deficit is likely to be moderately higher in 2012, but still in line with the program, and with higher expected revenues allowing for increases in priority spending.
This report on the Observance of Standards and Codes provides a review of Armenia’s data dissemination practices against the IMF’s General Data Dissemination System (GDDS), complemented by an assessment of the quality of the national accounts, government finance, monetary, and balance-of-payments statistics. The report includes an overview of the GDDS and an assessment of Armenia’s data dissemination practices against the Standard, and presents a summary assessment of the quality of the principal macroeconomic datasets. The coverage, periodicity, and timeliness for macroeconomic data in Armenia are also summarized.
This paper presents the Republic of Armenia’s report on the Observance of Standards and Codes and detailed assessment using the data quality assessment framework. Armenia exceeds Special Data Dissemination Standard requirements for both periodicity and timeliness in releases of data on unemployment, general government operations, analytical accounts of the central bank, merchandise trade, international investment position, and population. Armenia meets periodicity and exceeds timeliness on production index, employment, wages, consumer price index, producer price index, central government operations, analytical accounts of the central bank, and merchandise trade.