Republic of Armenia: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; and Press Release on the Executive Board Consideration

May 23, 2007

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Republic of Armenia: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; and Press Release on the Executive Board Consideration, (USA: International Monetary Fund, 2007) accessed November 22, 2024

Summary

This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility for Armenia. Armenia’s economy performs strongly. All end-December 2006 quantitative and all but one structural performance criteria were observed. The main policy challenges are to broaden economic growth, raise tax revenues, and manage large foreign exchange inflows. Fiscal policy remains appropriate. Meeting the ambitious 2007 revenue target will require broadening the tax base and strengthening administration. The stance of monetary policy is appropriate.

Subject: Banking, Exchange rates, External debt, Foreign exchange, Monetary base, Money, Poverty, Revenue administration

Keywords: CR, Eastern Europe, Exchange rates, Global, Government finance statistics yearbook, Government plan, ISCR, Monetary base, PRGF arrangement, PRGF loan, PRGF-supported program

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/181
Stock No:

1ARMEA2007001
ISBN:

9781451801668
ISSN:

1934-7685

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