IMF Staff Country Reports

Republic of Armenia: Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director for the Republic of Armenia

December 16, 2020

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Republic of Armenia: Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director for the Republic of Armenia, (USA: International Monetary Fund, 2020) accessed December 21, 2024

Summary

Armenia’s economy has been hit hard by twin shocks: the COVID-19 pandemic (now in its second wave), and the recent military hostilities involving the Nagorno- Karabakh conflict zone. Reflecting these shocks, growth is expected at -7¼ percent this year, with the fiscal deficit and debt rising considerably. Nonetheless, the authorities have responded promptly with healthcare and anti-crisis measures to limit the pandemic’s impact while protecting vulnerable groups and safeguarding macroeconomic stability.

Subject: Budget planning and preparation, COVID-19, Credit, Expenditure, Health, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Revenue administration

Keywords: Baltics, Budget planning and preparation, Commercial bank support, COVID-19, CR, Data availability, Europe, Global, Government intervention, IMF staff calculation, ISCR, North America, October data, Positivity rate, Public investment and public-private partnerships (PPP), Reform effort, SME support program

Publication Details

  • Pages:

    86

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2020/318

  • Stock No:

    1ARMEA2020003

  • ISBN:

    9781513549835

  • ISSN:

    1934-7685

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