Republic of Armenia: Staff Report for the 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

April 2, 2002

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Format: Chicago

Republic of Armenia: Staff Report for the 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This paper assesses the Republic of Armenia’s 2001 Article IV Consultation and a Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The economic situation in Armenia has improved since mid-2000 following the deterioration in late 1999 and early 2000. Real GDP began to recover in the second quarter and increased by 6 percent for 2000 as a whole. The authorities have made progress in reforming the energy sector, which remains a considerable financial drain on the budget and the rest of the economy.

Subject: Arrears, Expenditure, External debt, Monetary base, Money, Revenue administration

Keywords: Approval, Arrears, CR, Disbursement of SDR, EDC privatization law, Executive Board's discussion, ISCR, Monetary base, Poverty reduction objective, PRGF credit, World Bank executive board

Publication Details

Pages:

110
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/073
Stock No:

1ARMEA0032002
ISBN:

9781451801514
ISSN:

1934-7685

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