Republic of Armenia: Staff Report for the 2004 Article IV Consultation, Sixth Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria

December 17, 2004

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Format: Chicago

Republic of Armenia: Staff Report for the 2004 Article IV Consultation, Sixth Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This paper examines Armenia’s 2004 Article IV Consultation, Sixth Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria. Armenia’s strong economic performance has been continuing in 2004. In January–September, the year-over-year rate of GDP growth was 10 percent, fueled by increases in agricultural production, housing construction, and services. Since mid-2003, banking sector performance has improved, and there has been a gradual return of confidence toward banks following the resolution of eight intervened banks.

Subject: Economic sectors, Energy sector, Expenditure, External debt, Revenue administration, Tax administration core functions

Keywords: CR, Energy sector, Europe, First reading of a bill, Global, Intervened bank, ISCR, Market value, PRGF, PRGF loan, Staff appraisal, Tax administration core functions

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/410
Stock No:

1ARMEA0022004
ISBN:

9781451801507
ISSN:

1934-7685

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