Republic of Armenia: Request for Arrangement Under the Extended Fund Facility

March 31, 2014

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Format: Chicago

Republic of Armenia: Request for Arrangement Under the Extended Fund Facility, (USA: International Monetary Fund, 2014) accessed November 23, 2024

Summary

This paper discusses Armenia’s Request for Arrangement Under the Extended Fund Facility (EFF). Performance under the 2010–2013 program, which was supported by arrangements under the EFF and Extended Credit Facility (ECF), was sound, with growth restored, large fiscal and external imbalances reduced, and buffers rebuilt. However, challenges remain, particularly in further reducing vulnerabilities and strengthening medium-term growth dynamics. Fiscal policy will support the growth recovery in 2014 by providing a modest stimulus, before moving to a gradual consolidation stance in 2015–2017. The IMF Staff supports the authorities’ request for an IMF-supported program.

Subject: External debt, Financial institutions, Foreign exchange, Loans, Public debt, Revenue administration

Keywords: Armenia's balance of payments gap, Balance of payments difficulty, CBA authorities, CBA authority, CR, Deficit, Fund, Fund advice, Global, ISCR, Loans, Program support, SDR

Publication Details

Pages:

107
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/089
Stock No:

1ARMEA2014001
ISBN:

9781475535778
ISSN:

1934-7685

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