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Republic of Armenia
			: Technical Assistance Report-Strategic Choices for Tax Administration to Enhance Tax Compliance

Republic of Armenia : Technical Assistance Report-Strategic Choices for Tax Administration to Enhance Tax Compliance »

Volume/Issue: 2020/45

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2020

DOI: http://dx.doi.org/10.5089/9781513530277.002

ISBN: 9781513530277

Keywords: Revenue administration, Tax revenue, Tax policy, Tax administration, Tax reforms, ISCR, CR, SRC, taxpayer, tax regime

This technical assistance report on Republic of Armenia advices on advises on strategic choices for tax administration and compliance risk management. It complements the March 2018 tax administration mission, which...

Republic of Armenia

Republic of Armenia »

Source: Republic of Armenia : Technical Assistance Report-Strategic Choices for Tax Administration to Enhance Tax Compliance

Volume/Issue: 2020/45

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2020

ISBN: 9781513530277

Keywords: Revenue administration, Tax revenue, Tax policy, Tax administration, Tax reforms, ISCR, CR, SRC, taxpayer, tax regime

This technical assistance report on Republic of Armenia advices on advises on strategic choices for tax administration and compliance risk management. It complements the March 2018 tax administration mission, which...

IMF Executive Board Concludes First Review under the Stand-By Arrangement for the Republic of Armenia

IMF Executive Board Concludes First Review under the Stand-By Arrangement for the Republic of Armenia »

Source: Armenia : First Review under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/397

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2019

ISBN: 9781513524689

Keywords: External sector, Financial soundness indicators, Economic indicators, National income, Fiscal policy, ISCR, CR, percent change, CBA, percent

This paper highlights Republic of Armenia's First Review Under the Stand-By-Arrangement. Armenia's economic performance is strong with healthy growth, low inflation, a stable financial system, with increasing forei...

Armenia
			: First Review under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Armenia : First Review under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia »

Volume/Issue: 2019/397

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2019

DOI: http://dx.doi.org/10.5089/9781513524689.002

ISBN: 9781513524689

Keywords: External sector, Financial soundness indicators, Economic indicators, National income, Fiscal policy, ISCR, CR, percent change, CBA, percent

This paper highlights Republic of Armenia's First Review Under the Stand-By-Arrangement. Armenia's economic performance is strong with healthy growth, low inflation, a stable financial system, with increasing forei...

Republic of Armenia: First Review Under the Stand-by Arrangement—Press Release; Staff Report; and Statement by The Executive Director for the Republic of Armenia

Republic of Armenia: First Review Under the Stand-by Arrangement—Press Release; Staff Report; and Statement by The Executive Director for the Republic of Armenia »

Source: Armenia : First Review under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/397

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2019

ISBN: 9781513524689

Keywords: External sector, Financial soundness indicators, Economic indicators, National income, Fiscal policy, ISCR, CR, percent change, CBA, percent

This paper highlights Republic of Armenia's First Review Under the Stand-By-Arrangement. Armenia's economic performance is strong with healthy growth, low inflation, a stable financial system, with increasing forei...

Statement by Mr. Doornbosch, Executive Director and Ms. Harutyunyan, Advisor on the Republic of Armenia December 20, 2019

Statement by Mr. Doornbosch, Executive Director and Ms. Harutyunyan, Advisor on the Republic of Armenia December 20, 2019 »

Source: Armenia : First Review under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/397

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2019

ISBN: 9781513524689

Keywords: External sector, Financial soundness indicators, Economic indicators, National income, Fiscal policy, ISCR, CR, percent change, CBA, percent

This paper highlights Republic of Armenia's First Review Under the Stand-By-Arrangement. Armenia's economic performance is strong with healthy growth, low inflation, a stable financial system, with increasing forei...

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia »

Volume/Issue: 2019/209

Series: IMF Working Papers

Author(s): Mishel Ghassibe , Maximiliano Appendino , and Samir Elsadek Mahmoudi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513509112.001

ISBN: 9781513509112

Keywords: Financial crises, Real sector, Financial inclusion, Labor productivity, Economic growth, Small and Medium Sized Enterprises, Economic Grow, WP, central Asia region, SMEs

This paper offers empirical evidence that greater financial inclusion of small and medium enterprises (SMEs) can promote higher economic growth and employment, especially in the Middle East and Central Asia regions...

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia »

Source: SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia

Volume/Issue: 2019/209

Series: IMF Working Papers

Author(s): Mishel Ghassibe , Maximiliano Appendino , and Samir Elsadek Mahmoudi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

ISBN: 9781513509112

Keywords: Financial crises, Real sector, Financial inclusion, Labor productivity, Economic growth, Small and Medium Sized Enterprises, Economic Grow, WP, central Asia region, SMEs

This paper offers empirical evidence that greater financial inclusion of small and medium enterprises (SMEs) can promote higher economic growth and employment, especially in the Middle East and Central Asia regions...

IMF Executive Board Approves US$248.2 Million Stand-By Arrangement for Armenia

IMF Executive Board Approves US$248.2 Million Stand-By Arrangement for Armenia »

Source: Republic of Armenia : 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/154

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318563

Keywords: External sector, National income, Development, Credit, Fiscal policy, percent change, CBA, structural reform, percent of GDP, external shock

This paper presents Armenia's 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and...

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Armenia

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Armenia »

Source: Republic of Armenia : 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/154

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318563

Keywords: External sector, National income, Development, Credit, Fiscal policy, percent change, CBA, structural reform, percent of GDP, external shock

This paper presents Armenia's 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and...

Republic of Armenia
			: 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Republic of Armenia : 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia »

Volume/Issue: 2019/154

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

DOI: http://dx.doi.org/10.5089/9781498318563.002

ISBN: 9781498318563

Keywords: External sector, National income, Development, Credit, Fiscal policy, percent change, CBA, structural reform, percent of GDP, external shock

This paper presents Armenia's 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and...

Republic of Armenia
			: Selected Issues

Republic of Armenia : Selected Issues »

Volume/Issue: 2019/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

DOI: http://dx.doi.org/10.5089/9781498318570.002

ISBN: 9781498318570

Keywords: Unemployment, Economic growth, Labor supply, Development, Labor force, labor market, corruption case, LFP, anti-corruption, high educational attainment

This Selected Issues paper on the Republic of Armenia seeks to quantify the macroeconomic impact of the government's reform agenda, which covers three broad areas: tax policy and pension; governance, government eff...

Republic of Armenia: 2019 Article IV Consultation and Request for a Stand-by Arrangement—Press Releases; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Republic of Armenia: 2019 Article IV Consultation and Request for a Stand-by Arrangement—Press Releases; Staff Report; and Statement by the Executive Director for the Republic of Armenia »

Source: Republic of Armenia : 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/154

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318563

Keywords: External sector, National income, Development, Credit, Fiscal policy, percent change, CBA, structural reform, percent of GDP, external shock

This paper presents Armenia's 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and...

Republic of Armenia: Selected Issues

Republic of Armenia: Selected Issues »

Source: Republic of Armenia : Selected Issues

Volume/Issue: 2019/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318570

Keywords: Unemployment, Economic growth, Labor supply, Development, Labor force, labor market, corruption case, LFP, anti-corruption, high educational attainment

This Selected Issues paper on the Republic of Armenia seeks to quantify the macroeconomic impact of the government's reform agenda, which covers three broad areas: tax policy and pension; governance, government eff...

Republic of Armenia: Selected Issues

Republic of Armenia: Selected Issues »

Source: Republic of Armenia : Selected Issues

Volume/Issue: 2019/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318570

Keywords: Unemployment, Economic growth, Labor supply, Development, Labor force, labor market, corruption case, LFP, anti-corruption, high educational attainment

This Selected Issues paper on the Republic of Armenia seeks to quantify the macroeconomic impact of the government's reform agenda, which covers three broad areas: tax policy and pension; governance, government eff...

Republic of Armenia: Selected Issues

Republic of Armenia: Selected Issues »

Source: Republic of Armenia : Selected Issues

Volume/Issue: 2019/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318570

Keywords: Unemployment, Economic growth, Labor supply, Development, Labor force, labor market, corruption case, LFP, anti-corruption, high educational attainment

This Selected Issues paper on the Republic of Armenia seeks to quantify the macroeconomic impact of the government's reform agenda, which covers three broad areas: tax policy and pension; governance, government eff...

Republic of Armenia: Selected Issues

Republic of Armenia: Selected Issues »

Source: Republic of Armenia : Selected Issues

Volume/Issue: 2019/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318570

Keywords: Unemployment, Economic growth, Labor supply, Development, Labor force, labor market, corruption case, LFP, anti-corruption, high educational attainment

This Selected Issues paper on the Republic of Armenia seeks to quantify the macroeconomic impact of the government's reform agenda, which covers three broad areas: tax policy and pension; governance, government eff...

Republic of Armenia: Staff Report for the 2019 Article IV Consultation and Request for a Stand-by Arrangement—Informational Annex

Republic of Armenia: Staff Report for the 2019 Article IV Consultation and Request for a Stand-by Arrangement—Informational Annex »

Source: Republic of Armenia : 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/154

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318563

Keywords: External sector, National income, Development, Credit, Fiscal policy, percent change, CBA, structural reform, percent of GDP, external shock

This paper presents Armenia's 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and...

Statement by Richard Doornbosch, Alternate Executive Director, and Shahane Harutyunyan, Advisor for the Republic of Armenia May 17, 2019

Statement by Richard Doornbosch, Alternate Executive Director, and Shahane Harutyunyan, Advisor for the Republic of Armenia May 17, 2019 »

Source: Republic of Armenia : 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2019/154

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2019

ISBN: 9781498318563

Keywords: External sector, National income, Development, Credit, Fiscal policy, percent change, CBA, structural reform, percent of GDP, external shock

This paper presents Armenia's 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and...

Republic of Armenia
			: Fiscal Transparency Evaluation

Republic of Armenia : Fiscal Transparency Evaluation »

Volume/Issue: 2019/134

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2019

DOI: http://dx.doi.org/10.5089/9781498315098.002

ISBN: 9781498315098

Keywords: Real sector, Financial soundness indicators, Fiscal sector, Fiscal policy, Financial crises, ISCR, CR, PPPs, budget document, SNCOs

This paper presents Fiscal Transparency Evaluation (FTE) for Armenia. This report provides 10 recommendations aimed at further enhancing fiscal transparency in the areas prioritized. Fiscal forecasts and budgets ha...

Republic of Armenia

Republic of Armenia »

Source: Republic of Armenia : Fiscal Transparency Evaluation

Volume/Issue: 2019/134

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2019

ISBN: 9781498315098

Keywords: Real sector, Financial soundness indicators, Fiscal sector, Fiscal policy, Financial crises, ISCR, CR, PPPs, budget document, SNCOs

This paper presents Fiscal Transparency Evaluation (FTE) for Armenia. This report provides 10 recommendations aimed at further enhancing fiscal transparency in the areas prioritized. Fiscal forecasts and budgets ha...

Republic of Armenia
			: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

Republic of Armenia : Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision »

Volume/Issue: 2019/42

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2019

DOI: http://dx.doi.org/10.5089/9781484397848.002

ISBN: 9781484397848

Keywords: Armenia, Middle East, Bank credit, Financial crises, Central banks, Financial institutions, Financial services, CBA, related party, LBB

This detailed assessment of observance has been conducted against the standard issued by the Basel Committee on Banking Supervision in 2012. The report also highlights that the Central Bank of Armenia has made sign...

Republic of Armenia-financial Sector Assessment Program: Detailed Assessment of Observance—Basel Core Principles for Effective Banking Supervision

Republic of Armenia-financial Sector Assessment Program: Detailed Assessment of Observance—Basel Core Principles for Effective Banking Supervision »

Source: Republic of Armenia : Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

Volume/Issue: 2019/42

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2019

ISBN: 9781484397848

Keywords: Armenia, Middle East, Bank credit, Financial crises, Central banks, Financial institutions, Financial services, CBA, related party, LBB

This detailed assessment of observance has been conducted against the standard issued by the Basel Committee on Banking Supervision in 2012. The report also highlights that the Central Bank of Armenia has made sign...

Republic of Armenia
			: Technical Assistance Report-Public Investment Management Assessment

Republic of Armenia : Technical Assistance Report-Public Investment Management Assessment »

Volume/Issue: 2019/33

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

DOI: http://dx.doi.org/10.5089/9781484396933.002

ISBN: 9781484396933

Keywords: Accounting standards, Accounting systems, Accrual accounting, Audit process, Auditing, Bank accounting, Budget approval, Budget classification, Budget deficits, Budget execution

This paper discusses results of a technical assistance report prepared to evaluate the quality of Armenia's public investment institutions in the planning, budgeting, and implementation stages of public investment...

Republic of Armenia

Republic of Armenia »

Source: Republic of Armenia : Technical Assistance Report-Public Investment Management Assessment

Volume/Issue: 2019/33

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

ISBN: 9781484396933

Keywords: Accounting standards, Accounting systems, Accrual accounting, Audit process, Auditing, Bank accounting, Budget approval, Budget classification, Budget deficits, Budget execution

This paper discusses results of a technical assistance report prepared to evaluate the quality of Armenia's public investment institutions in the planning, budgeting, and implementation stages of public investment...

Republic of Armenia
			: Technical Assistance Report-Growth-Friendly Rebalancing of Taxes

Republic of Armenia : Technical Assistance Report-Growth-Friendly Rebalancing of Taxes »

Volume/Issue: 2019/31

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

DOI: http://dx.doi.org/10.5089/9781484396674.002

ISBN: 9781484396674

Keywords: Recurrent taxes on immovable property, Tax revenue, Tax reforms, Tax incentives, Fiscal policy, tax expenditure, progressivity, tax regime, value-based, tax rate

With the appointment of a new government, a lively debate has ensued about redirecting fiscal policies in support of a balanced revenue-raising strategy that is conducive to investment and growth. Currently, Armeni...

Republic of Armenia

Republic of Armenia »

Source: Republic of Armenia : Technical Assistance Report-Growth-Friendly Rebalancing of Taxes

Volume/Issue: 2019/31

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396674

Keywords: Recurrent taxes on immovable property, Tax revenue, Tax reforms, Tax incentives, Fiscal policy, tax expenditure, progressivity, tax regime, value-based, tax rate

With the appointment of a new government, a lively debate has ensued about redirecting fiscal policies in support of a balanced revenue-raising strategy that is conducive to investment and growth. Currently, Armeni...

IMF Executive Board Concludes Armenia’s 2018 Financial System Stability Assessment

IMF Executive Board Concludes Armenia’s 2018 Financial System Stability Assessment »

Source: Republic of Armenia : Financial Sector Assessment Program-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2018/361

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2018

ISBN: 9781484389737

Keywords: Middle East, Armenia

The Armenian banking sector is recovering from the 2014 economic slowdown, aided by additional capital injected by shareholders, several mergers, and improved regulation and supervision. However, banks, including t...

Republic of Armenia
			: Financial Sector Assessment Program-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Republic of Armenia : Financial Sector Assessment Program-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia »

Volume/Issue: 2018/361

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2018

DOI: http://dx.doi.org/10.5089/9781484389737.002

ISBN: 9781484389737

Keywords: Middle East, Armenia

The Armenian banking sector is recovering from the 2014 economic slowdown, aided by additional capital injected by shareholders, several mergers, and improved regulation and supervision. However, banks, including t...

Republic of Armenia: Financial System Stability Assessment—Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Republic of Armenia: Financial System Stability Assessment—Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia »

Source: Republic of Armenia : Financial Sector Assessment Program-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2018/361

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2018

ISBN: 9781484389737

Keywords: Middle East, Armenia

The Armenian banking sector is recovering from the 2014 economic slowdown, aided by additional capital injected by shareholders, several mergers, and improved regulation and supervision. However, banks, including t...

Statement by Vladyslav Rashkovan, Alternate Executive Director for the Armenia, and Shahane H. Harutyunyan, Advisor to the Executive Director November 30, 2018

Statement by Vladyslav Rashkovan, Alternate Executive Director for the Armenia, and Shahane H. Harutyunyan, Advisor to the Executive Director November 30, 2018 »

Source: Republic of Armenia : Financial Sector Assessment Program-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2018/361

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2018

ISBN: 9781484389737

Keywords: Middle East, Armenia

The Armenian banking sector is recovering from the 2014 economic slowdown, aided by additional capital injected by shareholders, several mergers, and improved regulation and supervision. However, banks, including t...

Building Resilient Banking Sectors in the Caucasus and Central Asia

Building Resilient Banking Sectors in the Caucasus and Central Asia »

Source: Building Resilient Banking Sectors in the Caucasus and Central Asia

Volume/Issue: 2018/8

Series: Departmental Papers / Policy Papers

Author(s): Mercedes Vera Martin , Tarak Jardak , Robert Tchaidze , Juan Trevino , and Helen Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

ISBN: 9781484360774

Keywords: Central Asia and the Caucasus, Tajikistan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyz Republic, Middle East, Armenia, Azerbaijan, Economic conditions

External shocks since 2014-lower oil prices and slower growth in key trading partners-have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress.  E...

Building Resilient Banking Sectors in the Caucasus and Central Asia

Building Resilient Banking Sectors in the Caucasus and Central Asia »

Volume/Issue: 2018/8

Series: Departmental Papers / Policy Papers

Author(s): Mercedes Vera Martin , Tarak Jardak , Robert Tchaidze , Juan Trevino , and Helen Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

DOI: http://dx.doi.org/10.5089/9781484360774.087

ISBN: 9781484360774

Keywords: Central Asia and the Caucasus, Tajikistan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyz Republic, Middle East, Armenia, Azerbaijan, Economic conditions

External shocks since 2014-lower oil prices and slower growth in key trading partners-have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress.  E...

Opening Up in the Caucasus and Central Asia
			: Policy Frameworks to Support Regional and Global Integration

Opening Up in the Caucasus and Central Asia : Policy Frameworks to Support Regional and Global Integration »

Volume/Issue: 2018/7

Series: Departmental Papers / Policy Papers

Author(s): Peter Kunzel , Phil De Imus , Edward Gemayel , Risto Herrala , Alexei Kireyev , and Farid Talishli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

DOI: http://dx.doi.org/10.5089/9781484358177.087

ISBN: 9781484358177

Keywords: Armenia, Azerbaijan, Economic integration, Economic integration, Georgia, Kazakhstan, Kyrgyz Republic, Middle East, Tajikistan, Trade liberalization

The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying...

Opening Up in the Caucasus and Central Asia

Opening Up in the Caucasus and Central Asia »

Source: Opening Up in the Caucasus and Central Asia : Policy Frameworks to Support Regional and Global Integration

Volume/Issue: 2018/7

Series: Departmental Papers / Policy Papers

Author(s): Peter Kunzel , Phil De Imus , Edward Gemayel , Risto Herrala , Alexei Kireyev , and Farid Talishli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484358177

Keywords: Armenia, Azerbaijan, Economic integration, Economic integration, Georgia, Kazakhstan, Kyrgyz Republic, Middle East, Tajikistan, Trade liberalization

The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

DOI: http://dx.doi.org/10.5089/9781484337165.087

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Chapter 5. A Way Forward

Chapter 5. A Way Forward »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Rising Challenges The pursuit of multiple goals with public payrolls—often with limited success—has left several countries in the region with high wage bills at a time of heightened...

Chapter 2. Benchmarking and Trends

Chapter 2. Benchmarking and Trends »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Comparison with Global Peers Public wage bills in the MENAP region are higher than in other emerging market and developing economies (Figure 2.1). 1...

Chapter 6. Conclusion

Chapter 6. Conclusion »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Management of public sector wage bills has emerged as an important policy challenge for the region. Reflecting legacies from the past—including the large role of the state—as well as considerable oil wealth...

Chapter 3. Drivers

Chapter 3. Drivers »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Policy Objectives Employment In many areas of the MENAP region, high wage bills reflect the traditional role of the state as the employer of first reso...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Economic and social challenges have intensified across the Middle East and Central Asia. Despite a stronger global economy, the growth outlook for the region remains subdued (IMF 2017). Weak economic growth...

Chapter 4. Outcomes and Economic Effects

Chapter 4. Outcomes and Economic Effects »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Public Service Delivery Higher wage bills have on average not produced better service delivery, though public services are also affected by other considerations (Figures 4.1 and 4.2)...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

DOI: http://dx.doi.org/10.5089/9781484336731.087

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Back Matter

Back Matter »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Armenia

Armenia »

Source: Armenia : Technical Assistance Report-Upgrading Fiscal Rules

Volume/Issue: 2017/330

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2017

ISBN: 9781484325551

Keywords: Fiscal policy, Public debt, Financial management, External shocks, Technical Assistance, Technical Assistance Reports, Armenia

This Technical Assistance Report discusses the technical advice and recommendations given by the IMF mission to the authorities of Armenia regarding design of fiscal rules and associated fiscal and institutional fr...

Armenia
			: Technical Assistance Report-Upgrading Fiscal Rules

Armenia : Technical Assistance Report-Upgrading Fiscal Rules »

Volume/Issue: 2017/330

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2017

DOI: http://dx.doi.org/10.5089/9781484325551.002

ISBN: 9781484325551

Keywords: Fiscal policy, Public debt, Financial management, External shocks, Technical Assistance, Technical Assistance Reports, Armenia

This Technical Assistance Report discusses the technical advice and recommendations given by the IMF mission to the authorities of Armenia regarding design of fiscal rules and associated fiscal and institutional fr...

IMF Executive Board Concludes 2017 Article IV Consultation and Completes Fifth and Final Review of Armenia’s Extended Arrangement

IMF Executive Board Concludes 2017 Article IV Consultation and Completes Fifth and Final Review of Armenia’s Extended Arrangement »

Source: Republic of Armenia : 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

Volume/Issue: 2017/226

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781475567557

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Monetary policy, Fiscal reforms, Banking sector, Extended arrangement reviews, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Armenia's growth has been satisfactory with inflation under control, the fiscal situation broadly well managed, and foreign exchange reserves enhanced. In 2016, GDP...

IMF Executive Board Concludes 2017 Article IV Consultation for the Republic of Armenia

IMF Executive Board Concludes 2017 Article IV Consultation for the Republic of Armenia »

Source: Republic of Armenia : 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

Volume/Issue: 2017/226

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781475567557

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Monetary policy, Fiscal reforms, Banking sector, Extended arrangement reviews, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Armenia's growth has been satisfactory with inflation under control, the fiscal situation broadly well managed, and foreign exchange reserves enhanced. In 2016, GDP...

Republic of Armenia
			: 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

Republic of Armenia : 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia »

Volume/Issue: 2017/226

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

DOI: http://dx.doi.org/10.5089/9781475567557.002

ISBN: 9781475567557

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Monetary policy, Fiscal reforms, Banking sector, Extended arrangement reviews, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Armenia's growth has been satisfactory with inflation under control, the fiscal situation broadly well managed, and foreign exchange reserves enhanced. In 2016, GDP...

Republic of Armenia
			: Selected Issues

Republic of Armenia : Selected Issues »

Volume/Issue: 2017/227

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

DOI: http://dx.doi.org/10.5089/9781484311011.002

ISBN: 9781484311011

Keywords: Economic growth, Poverty, Unemployment, Labor market policy, Selected issues, Armenia

This Selected Issues paper examines the state of growth inclusiveness in Armenia. During the rapid economic growth in the 2000s, Armenia achieved remarkable gains in poverty and inequality reduction. However, with...

Republic of Armenia

Republic of Armenia »

Source: Republic of Armenia : Selected Issues

Volume/Issue: 2017/227

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781484311011

Keywords: Economic growth, Poverty, Unemployment, Labor market policy, Selected issues, Armenia

This Selected Issues paper examines the state of growth inclusiveness in Armenia. During the rapid economic growth in the 2000s, Armenia achieved remarkable gains in poverty and inequality reduction. However, with...

Republic of Armenia: Staff Report for the 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement

Republic of Armenia: Staff Report for the 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement »

Source: Republic of Armenia : 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

Volume/Issue: 2017/226

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781475567557

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Monetary policy, Fiscal reforms, Banking sector, Extended arrangement reviews, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Armenia's growth has been satisfactory with inflation under control, the fiscal situation broadly well managed, and foreign exchange reserves enhanced. In 2016, GDP...

Republic of Armenia: Staff Report for the 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement—Informational Annex

Republic of Armenia: Staff Report for the 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement—Informational Annex »

Source: Republic of Armenia : 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

Volume/Issue: 2017/226

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781475567557

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Monetary policy, Fiscal reforms, Banking sector, Extended arrangement reviews, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Armenia's growth has been satisfactory with inflation under control, the fiscal situation broadly well managed, and foreign exchange reserves enhanced. In 2016, GDP...

Statement by Richard Doornbosch, Alternate Executive Director, and Yosef Yakhin, Advisor for the Republic of Armenia, June 20, 2017

Statement by Richard Doornbosch, Alternate Executive Director, and Yosef Yakhin, Advisor for the Republic of Armenia, June 20, 2017 »

Source: Republic of Armenia : 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

Volume/Issue: 2017/226

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781475567557

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Monetary policy, Fiscal reforms, Banking sector, Extended arrangement reviews, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Armenia's growth has been satisfactory with inflation under control, the fiscal situation broadly well managed, and foreign exchange reserves enhanced. In 2016, GDP...

Republic of Armenia
			: Fourth 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 Armenia

Republic of Armenia : Fourth 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 Armenia »

Volume/Issue: 2016/380

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2016

DOI: http://dx.doi.org/10.5089/9781475560015.002

ISBN: 9781475560015

Keywords: Extended arrangement reviews, Economic conditions, Export growth, Fiscal policy, Banking sector, Monetary policy, Exchange rate assessments, Macroprudential Policy, Economic indicators, Letters of Intent

This paper discusses Armenia's Fourth Review Under the Extended Arrangement and Request for Modification of Performance Criteria. Growth is expected to reach about 2.5 percent in 2016, as the external environment c...

IMF Policy Paper: Republic Of Armenia - Fourth Review Under The Extended Arrangement And Request For Modification Of Performance Criteria

IMF Policy Paper: Republic Of Armenia - Fourth Review Under The Extended Arrangement And Request For Modification Of Performance Criteria »

Source: Republic of Armenia : Fourth 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 Armenia

Volume/Issue: 2016/380

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2016

ISBN: 9781475560015

Keywords: Extended arrangement reviews, Economic conditions, Export growth, Fiscal policy, Banking sector, Monetary policy, Exchange rate assessments, Macroprudential Policy, Economic indicators, Letters of Intent

This paper discusses Armenia's Fourth Review Under the Extended Arrangement and Request for Modification of Performance Criteria. Growth is expected to reach about 2.5 percent in 2016, as the external environment c...

IMF Policy Paper: Republic Of Armenia - Fourth Review Under The Extended Arrangement And Request For Modification Of Performance Criteria—Informational Annex

IMF Policy Paper: Republic Of Armenia - Fourth Review Under The Extended Arrangement And Request For Modification Of Performance Criteria—Informational Annex »

Source: Republic of Armenia : Fourth 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 Armenia

Volume/Issue: 2016/380

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2016

ISBN: 9781475560015

Keywords: Extended arrangement reviews, Economic conditions, Export growth, Fiscal policy, Banking sector, Monetary policy, Exchange rate assessments, Macroprudential Policy, Economic indicators, Letters of Intent

This paper discusses Armenia's Fourth Review Under the Extended Arrangement and Request for Modification of Performance Criteria. Growth is expected to reach about 2.5 percent in 2016, as the external environment c...

IMF Policy Paper: Republic Of Armenia - Fourth Review Under The Extended Arrangement And Request For Modification Of Performance Criteria—Press Release; Staff Report; And Statement By The Executive Director For Republic Of Armenia

IMF Policy Paper: Republic Of Armenia - Fourth Review Under The Extended Arrangement And Request For Modification Of Performance Criteria—Press Release; Staff Report; And Statement By The Executive Director For Republic Of Armenia »

Source: Republic of Armenia : Fourth 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 Armenia

Volume/Issue: 2016/380

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2016

ISBN: 9781475560015

Keywords: Extended arrangement reviews, Economic conditions, Export growth, Fiscal policy, Banking sector, Monetary policy, Exchange rate assessments, Macroprudential Policy, Economic indicators, Letters of Intent

This paper discusses Armenia's Fourth Review Under the Extended Arrangement and Request for Modification of Performance Criteria. Growth is expected to reach about 2.5 percent in 2016, as the external environment c...

IMF Policy Paper: Statement by Richard Doornbosch, Alternate Executive Director for the Republic of Armenia

IMF Policy Paper: Statement by Richard Doornbosch, Alternate Executive Director for the Republic of Armenia »

Source: Republic of Armenia : Fourth 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 Armenia

Volume/Issue: 2016/380

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2016

ISBN: 9781475560015

Keywords: Extended arrangement reviews, Economic conditions, Export growth, Fiscal policy, Banking sector, Monetary policy, Exchange rate assessments, Macroprudential Policy, Economic indicators, Letters of Intent

This paper discusses Armenia's Fourth Review Under the Extended Arrangement and Request for Modification of Performance Criteria. Growth is expected to reach about 2.5 percent in 2016, as the external environment c...

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Volume/Issue: 2016/03

Series: Spillover Notes

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2016

ISBN: 9781475541434

Keywords: Economic growth, Europe, External shocks, Armenia, Azerbaijan, Middle East, Regional shocks, Moldova, Inflation, Russian Federation

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) a...

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries »

Volume/Issue: 2016/03

Series: Spillover Notes

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2016

DOI: http://dx.doi.org/10.5089/9781475541434.062

ISBN: 9781475541434

Keywords: Economic growth, Europe, External shocks, Armenia, Azerbaijan, Middle East, Regional shocks, Moldova, Inflation, Russian Federation

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) a...

IMF Executive Board Completes Third Review of Armenia’s Extended Arrangement

IMF Executive Board Completes Third Review of Armenia’s Extended Arrangement »

Source: 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

Volume/Issue: 2016/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2016

ISBN: 9781498378406

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 Russ...

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

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 »

Volume/Issue: 2016/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2016

DOI: http://dx.doi.org/10.5089/9781498378406.002

ISBN: 9781498378406

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 Russ...

Republic of Armenia: Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria

Republic of Armenia: Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria »

Source: 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

Volume/Issue: 2016/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2016

ISBN: 9781498378406

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 Russ...

Republic of Armenia: Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria—Informational Annex

Republic of Armenia: Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria—Informational Annex »

Source: 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

Volume/Issue: 2016/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2016

ISBN: 9781498378406

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 Russ...

Statement by Menno Snel, Executive Director for the Republic of Armenia and Amela Hubic, Senior Advisor, June 15, 2016

Statement by Menno Snel, Executive Director for the Republic of Armenia and Amela Hubic, Senior Advisor, June 15, 2016 »

Source: 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

Volume/Issue: 2016/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2016

ISBN: 9781498378406

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 Russ...

5. Conclusions and Next Steps

5. Conclusions and Next Steps »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, CCA ERs and ER regimes have come under pressure. This has reflected the decline of oil and other commodity prices, weaker growth in Russia and China, depreciation of the Russian ruble, and a...

Exchange Rate Developments and Policies in the Caucasus and Central Asia

Exchange Rate Developments and Policies in the Caucasus and Central Asia »

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

DOI: http://dx.doi.org/10.5089/9781513543031.087

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in R...

2. ER Policy Advice

2. ER Policy Advice »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

IMF ER Policy Advice and Rationale 7 IMF ER policy advice for CCA countries—both oil exporters and importers—has been to move toward gr...

Exchange Rate Developments and Policies in the Caucasus and Central Asia

Exchange Rate Developments and Policies in the Caucasus and Central Asia »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in R...

Back Matter

Back Matter »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in R...

Executive Summary

Executive Summary »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other com...

3. Impediments to Greater ER Flexibility

3. Impediments to Greater ER Flexibility »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Fear of Floating and Related Factors The challenge of adjusting to greater ER flexibility reflects several factors. These include: (1) the status of development of monetary policy in...

1. Introduction

1. Introduction »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Recent ER Movements Since late 2014, CCA currencies have been under pressure, given the decline of oil and other commodity prices, weaker growth in key emerging markets, depreciation...

4. Managing the Transition to Greater ER Flexibility: Overcoming Obstacles

4. Managing the Transition to Greater ER Flexibility: Overcoming Obstacles »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Addressing Fear of Floating In tranquil times, exits from pegged ER regimes have involved gradual, step-by-step moves to a full float. Examples include Chile (1984–1999), Israel (198...

Pilot Project on Concentration and Distribution Measures for a Selected Set of Financial Soundness Indicators

Pilot Project on Concentration and Distribution Measures for a Selected Set of Financial Soundness Indicators »

Volume/Issue: 2016/26

Series: IMF Working Papers

Author(s): Joseph Crowley , Plapa Koukpamou , Elena Loukoianova , and André Mialou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2016

DOI: http://dx.doi.org/10.5089/9781498337014.001

ISBN: 9781498337014

Keywords: Financial Soundness Indicators, Concentration and Distribution Measures, institutions, data, pilot project, confidentiality, information, General, All Countries, Fiscal Crisis,

This paper reports the main findings of a pilot project launched in July 2014 by the IMF’s Statistics Department to test augmenting the IMF’s financial soundness indicators (FSIs) with concentration and distributio...

Pilot Project on Concentration and Distribution Measures for a Selected Set of Financial Soundness Indicators

Pilot Project on Concentration and Distribution Measures for a Selected Set of Financial Soundness Indicators »

Source: Pilot Project on Concentration and Distribution Measures for a Selected Set of Financial Soundness Indicators

Volume/Issue: 2016/26

Series: IMF Working Papers

Author(s): Joseph Crowley , Plapa Koukpamou , Elena Loukoianova , and André Mialou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2016

ISBN: 9781498337014

Keywords: Financial Soundness Indicators, Concentration and Distribution Measures, institutions, data, pilot project, confidentiality, information, General, All Countries, Fiscal Crisis,

This paper reports the main findings of a pilot project launched in July 2014 by the IMF’s Statistics Department to test augmenting the IMF’s financial soundness indicators (FSIs) with concentration and distributio...

Spillovers from Global and Regional Shocks to Armenia

Spillovers from Global and Regional Shocks to Armenia »

Volume/Issue: 2015/241

Series: IMF Working Papers

Author(s): Knarik Ayvazyan , and Teresa Daban Sanchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2015

DOI: http://dx.doi.org/10.5089/9781513590462.001

ISBN: 9781513590462

Keywords: Spillovers, Trade, Business cycles, Transmission channels, SVAR, economy, trading partners, regional shocks, oil prices, General

Using a structural vector auto-regression (SVAR) model, this paper examines the size, geographical sources, and transmission channels of global and regional shocks to the Armenian economy. Results show that Armenia...

Spillovers from Global and Regional Shocks to Armenia1

Spillovers from Global and Regional Shocks to Armenia1 »

Source: Spillovers from Global and Regional Shocks to Armenia

Volume/Issue: 2015/241

Series: IMF Working Papers

Author(s): Knarik Ayvazyan , and Teresa Daban Sanchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2015

ISBN: 9781513590462

Keywords: Spillovers, Trade, Business cycles, Transmission channels, SVAR, economy, trading partners, regional shocks, oil prices, General

Using a structural vector auto-regression (SVAR) model, this paper examines the size, geographical sources, and transmission channels of global and regional shocks to the Armenian economy. Results show that Armenia...

IMF Executive Board Completes Second Review of Armenia’s Extended Arrangement, Approves US$16.3 Million Disbursement

IMF Executive Board Completes Second Review of Armenia’s Extended Arrangement, Approves US$16.3 Million Disbursement »

Source: Republic of Armenia : Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2015/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2015

ISBN: 9781513598062

Keywords: deficit, exchange, remittances, monetary fund, interest

This paper discusses Armenia's Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing. Since late 2014, Armenia's economic performance has been affected by significantly...

Republic of Armenia
			: Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia

Republic of Armenia : Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia »

Volume/Issue: 2015/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2015

DOI: http://dx.doi.org/10.5089/9781513598062.002

ISBN: 9781513598062

Keywords: deficit, exchange, remittances, monetary fund, interest

This paper discusses Armenia's Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing. Since late 2014, Armenia's economic performance has been affected by significantly...

Republic of Armenia: Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing

Republic of Armenia: Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing »

Source: Republic of Armenia : Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2015/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2015

ISBN: 9781513598062

Keywords: deficit, exchange, remittances, monetary fund, interest

This paper discusses Armenia's Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing. Since late 2014, Armenia's economic performance has been affected by significantly...

Republic of Armenia: Second Review Under the Extended Arrangement and Request For Waivers of Nonobservance and Rephasing—Informational Annex

Republic of Armenia: Second Review Under the Extended Arrangement and Request For Waivers of Nonobservance and Rephasing—Informational Annex »

Source: Republic of Armenia : Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2015/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2015

ISBN: 9781513598062

Keywords: deficit, exchange, remittances, monetary fund, interest

This paper discusses Armenia's Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing. Since late 2014, Armenia's economic performance has been affected by significantly...

Statement by Menno Snel, Executive Director for the Republic of Armenia and Amela Hubic, Senior Advisor to the Executive Director, November 6, 2015

Statement by Menno Snel, Executive Director for the Republic of Armenia and Amela Hubic, Senior Advisor to the Executive Director, November 6, 2015 »

Source: Republic of Armenia : Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing; Press Release; Staff Report; Supplement; and Statement by the Executive Director for the Republic of Armenia

Volume/Issue: 2015/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2015

ISBN: 9781513598062

Keywords: deficit, exchange, remittances, monetary fund, interest

This paper discusses Armenia's Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing. Since late 2014, Armenia's economic performance has been affected by significantly...

3. Channels of Spillovers to Neighboring Countries

3. Channels of Spillovers to Neighboring Countries »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

Trade and remittances are the main channels of outward spillovers from Russia on neighboring countries (see Figure 1). Trade channel is particularly prominent in CIS and Baltic countries, given...

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries »

Volume: 15

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

DOI: http://dx.doi.org/10.5089/9781513571348.087

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) a...

2. Developments in Russia

2. Developments in Russia »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

In 2014 the Russian economy was hit by sanctions and rapidly falling oil prices. These shocks led to significant balance of payment pressures with a surge in capital outflows and depreciating ex...

4. Impact So Far on the Affected Countries and Potential Further Shock

4. Impact So Far on the Affected Countries and Potential Further Shock »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

Given the aforementioned spillover channels and strong historical ties with individual countries, the slowdown in Russia—the largest economy in the region—has adverse effects on neighboring econ...

1. Introduction

1. Introduction »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Indepen...

5. Policy Responses in CIS countries

5. Policy Responses in CIS countries »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

Policy responses so far have focused on mitigating the immediate consequences of spillovers. Fiscal policies were loosened in addition to allowing automatic stabilizers to work in most countries...

The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries

The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) a...

Back Matter

Back Matter »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) a...

Structural Reforms and Macroeconomic Performance - Country Cases

Structural Reforms and Macroeconomic Performance - Country Cases »

Volume/Issue: 2015/066

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2015

DOI: http://dx.doi.org/10.5089/9781498344104.007

ISBN: 9781498344104

Keywords: Economic policy, Economic reforms, Balance of payments, Financial crises, Economic recovery, TFP, structural reform, factor productivity, reform effort, sector reform

As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences...

Structural Reforms and Macroeconomic Performance - Country Cases

Structural Reforms and Macroeconomic Performance - Country Cases »

Source: Structural Reforms and Macroeconomic Performance - Country Cases

Volume/Issue: 2015/066

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2015

ISBN: 9781498344104

Keywords: Economic policy, Economic reforms, Balance of payments, Financial crises, Economic recovery, TFP, structural reform, factor productivity, reform effort, sector reform

As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences...

Structural Reforms and Macroeconomic Performance - Country Cases

Structural Reforms and Macroeconomic Performance - Country Cases »

Source: Structural Reforms and Macroeconomic Performance - Country Cases

Volume/Issue: 2015/066

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2015

ISBN: 9781498344104

Keywords: Economic policy, Economic reforms, Balance of payments, Financial crises, Economic recovery, TFP, structural reform, factor productivity, reform effort, sector reform

As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences...

The Impact of IMF-Supported Programs on FDI in Low-income Countries

The Impact of IMF-Supported Programs on FDI in Low-income Countries »

Volume/Issue: 2015/157

Series: IMF Working Papers

Author(s): Ali Al-Sadiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2015

DOI: http://dx.doi.org/10.5089/9781513502342.001

ISBN: 9781513502342

Keywords: IMF-Supported Programs, FDI Inflows, Low-income Countries, Treatment Effects Model, Propensity Score Matching, gdp, income, investment, variables, value

It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesi...

The Impact of IMF-Supported Programs on FDI in Low-income Countries

The Impact of IMF-Supported Programs on FDI in Low-income Countries »

Source: The Impact of IMF-Supported Programs on FDI in Low-income Countries

Volume/Issue: 2015/157

Series: IMF Working Papers

Author(s): Ali Al-Sadiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2015

ISBN: 9781513502342

Keywords: IMF-Supported Programs, FDI Inflows, Low-income Countries, Treatment Effects Model, Propensity Score Matching, gdp, income, investment, variables, value

It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesi...

Determinants of Bank Interest Margins in the Caucasus and Central Asia1

Determinants of Bank Interest Margins in the Caucasus and Central Asia1 »

Source: Determinants of Bank Interest Margins in the Caucasus and Central Asia

Volume/Issue: 2015/87

Series: IMF Working Papers

Author(s): Raja Almarzoqi , and Sami Ben Naceur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2015

ISBN: 9781484342817

Keywords: Interest margins, Operating costs, Market power, Macroeconomic policies, bank, interest, banks, risk, credit, General,

In this paper, we use a bank-level panel dataset to investigate the determinants of bank interest margins in the Caucasus and Central Asia (CCA) over the period 1998-2013. We apply the dealership model of Ho and Sa...