Republic of Armenia: Staff Report for the 2002 Article IV Consultation, First and Second Reviews Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria

October 17, 2002

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Republic of Armenia: Staff Report for the 2002 Article IV Consultation, First and Second Reviews Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria, (USA: International Monetary Fund, 2002) accessed December 22, 2024

Summary

This paper focuses on the Republic of Armenia’s 2002 Article IV Consultation, First and Second Reviews Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver of Performance Criteria. The PRGF-supported program approved in 2001 focuses on revenue mobilization, the clearance of government arrears, and a decline in the deficit of the energy sector. Performance during the first year of the program was mixed. Tax collection was sluggish, and delays with structural reforms in the energy, water, and irrigation sectors led to the nonobservance of several quantitative performance criteria under the program.

Subject: Arrears, Banking, Commercial banks, Economic sectors, Energy sector, Expenditure, External debt, Poverty, Poverty reduction strategy, Revenue administration

Keywords: Arrears, CR, Energy sector, Global, Interest arrears, ISCR, Poverty reduction strategy, PRGF arrangement, PRSP preparation status report, Staff appraisal, Support poverty reduction effort, Value

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/228
Stock No:

1ARMEA0052002
ISBN:

9781451801552
ISSN:

1934-7685

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