IMF Staff Country Reports

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

Publication Date:

April 2, 2002

Electronic Access:

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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.

Series:

Country Report No. 2002/073

Subject:

Arrears Expenditure External debt Monetary base Money Revenue administration