Cover IMF Staff Country Reports
Republic of Armenia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 422
Language:
English
Publication Date:
02 Dec 2005
DOI:
https://doi.org/10.5089/9781451801606.002
ISBN:
9781451801606
ISSN:
1934-7685
Pages:
81
Keywords:
ISCR; CR; PRGF loan; PRGF-supported program; prudent fiscal policy; authority; fiscal policy; reform effort; base money growth target; Monetary base; Exchange rates; Global
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The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on the Republic of Armenia highlights economic developments and the macroeconomic framework. Armenia’s economy continues to perform strongly. Prudent fiscal and monetary policies, strong external inflows, and ongoing structural reforms have contributed to double-digit growth, low inflation, and declining poverty. Armenia’s economic outlook is favorable, although not without risks. The main policy challenge is how to deal with large remittance inflows when government deposits are large and social and infrastructure needs remain pressing.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2005: Issue 422