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IMF Country Report No. 21/274
REPUBLIC OF ARMENIA
SELECTED ISSUES
December 2021
This Selected Issues paper on the Republic of Armenia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 3, 2021.
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Title Page
REPUBLIC OF ARMENIA
SELECTED ISSUES
December 3, 2021
Approved By
Middle East and Central Asia Department
Prepared by Klakow Akepanidtaworn, Maria Atamanchuk, Moataz El Said, Lili Karapetyan, Nathalie Reyes, Faten Saliba, Kiichi Tokuoka, Yulia Ustyugova, Amine Yaaqoubi, and Branden Laumann.
Contents
REBALANCING ARMENIA’S GROWTH MODEL
PROMOTING EXPORT-LED GROWTH
FIGURE
1. Selected Export and Policy Variables
SUSTAINABLE FINANCING FOR THE RECOVERY IN ARMENIA
INCREASING ACCESS TO FINANCE IN ARMENIA
REDUCING INFORMALITY TO RAISE PRODUCTIVITY AND PROMOTE INCLUSION
A. Armenia’s Labor Market Trends
B. Youth Employment Trends in Armenia
C. Transition from School to Work: Evidence from Youth in Armenia
D. Conclusions
FIGURES
1. Caucasus and Central Asia: Informality Estimates, 1991–2019
2. Youth Informal Employment
3. Unemployment Duration Among Youth
TABLE
1. Transitioning to Informal Versus Formal Jobs
References