IMF Staff Country Reports

Republic of Armenia: Second Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Rephasing of Purchases: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director and Advisor for the Republic of Armenia.

November 19, 2009

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Republic of Armenia: Second Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Rephasing of Purchases: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director and Advisor for the Republic of Armenia., (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This paper discusses key findings of the Second Review Under the Stand-By Arrangement (SBA) for Armenia. The authorities met all quantitative performance criteria for end-June and end-September, with the exception of the end-September fiscal balance. All structural benchmarks for end-June and end-September were also implemented. The authorities request a waiver of nonobservance for the end-September fiscal balance performance criterion given the minor and temporary nature of the deviation. IMF staff supports this request, as well as the authorities’ request for completing this review.

Subject: Credit, Exchange rates, External debt, Financial institutions, Foreign exchange, Loans, Money, Public debt

Keywords: Accommodative monetary policy stance, CR, Credit, Exchange rate volatility, Exchange rates, Global, Growth, ISCR, Loans, Monetary policy tool, Reform, Request, Tax reform administration, VAT payer

Publication Details

  • Pages:

    72

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2009/316

  • Stock No:

    1ARMEA2009005

  • ISBN:

    9781451801767

  • ISSN:

    1934-7685

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