Republic of Armenia: 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

June 5, 2019

Preview Citation

Format: Chicago

Republic of Armenia: 2019 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia, (USA: International Monetary Fund, 2019) accessed December 29, 2024

Summary

This paper presents Armenia’s 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and support the authorities’ efforts to strengthen economic fundamentals and policy frameworks. It will also help effective implementation of structural reforms, particularly relating to governance and improving business climate. Discussions focused on macroeconomic and structural policies to ensure macro and fiscal sustainability, foster higher and more broad-based growth, and strengthen resilience to shocks. Supported by the upgraded fiscal rule, fiscal consolidation remains on track, and public debt has started to decline. Inflation is under control, the financial system remains stable, and pressures on the exchange rate have been limited. The authorities’ efforts are centered on advancing structural reforms to generate higher, more inclusive, and resilient growth; and strong policies to maintain macroeconomic stability.

Subject: Banking, Credit, Economic and financial statistics, External debt, External sector statistics, Foreign exchange, National accounts, Public debt

Keywords: Armenia, Armenian authority, CR, Credit growth, Debt, Executive board discussion, External sector statistics, Global, Government, Government program, ISCR, Reform agenda

Publication Details

Pages:

127
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/154
Stock No:

1ARMEA2019005
ISBN:

9781498318563
ISSN:

1934-7685

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