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Republic of Armenia: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 196
Language:
English
Publication Date:
31 May 2006
DOI:
https://doi.org/10.5089/9781451801613.002
ISBN:
9781451801613
ISSN:
1934-7685
Pages:
58
Keywords:
ISCR; CR; PRGF loan; PRGF arrangement; PRGF-supported program; SDR; banking system; poverty rate; Monetary base; Exchange rates; Global
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The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility focuses on the Republic of Armenia’s economic environment and policy discussion. Financial sector reforms will focus on improving corporate governance, strengthening regulation and supervision, and deepening financial intermediation. Price developments should be monitored closely and monetary policy tightened further should inflation pressures increase. The authorities’ plan to subsidize the local gas supplier to limit gas tariff increases for end-users is cause for concern.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund