Republic of Armenia: Fourth Reviews Under the Extended Fund Facility and Extended Credit Facility: Staff Report; Informational Annex; Press Release on the Executive Board Discussion.

June 26, 2012

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Republic of Armenia: Fourth Reviews Under the Extended Fund Facility and Extended Credit Facility: Staff Report; Informational Annex; Press Release on the Executive Board Discussion., (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This paper discusses findings of the Fourth Review of Armenia’s economic performance under a program supported by Extended Fund Facility and Extended Credit Facility Arrangements. Adherence to the policies agreed under the IMF-supported program has played an important role in helping Armenia restore solid growth. The 2011 fiscal deficit was well below program targets, reflecting restrained spending. The deficit is likely to be moderately higher in 2012, but still in line with the program, and with higher expected revenues allowing for increases in priority spending.

Subject: Banking, Expenditure, Financial institutions, Foreign exchange, Loans, Pension reform, Public debt, Revenue administration

Keywords: Broad money, CR, Deficit, Europe, Financial Sector Assessment Program of the IMF, Global, Headline inflation, IMF's executive board, ISCR, Loan, Loans, Pension reform, Poverty rate, SDR, Support growth

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/153
Stock No:

1ARMEA2012001
ISBN:

9781475504866
ISSN:

1934-7685

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