IMF Staff Country Reports

Republic of Armenia: 2021 Article IV Consultation, Fourth and Fifth Reviews Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia

December 21, 2021

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Republic of Armenia: 2021 Article IV Consultation, Fourth and Fifth Reviews Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia, (USA: International Monetary Fund, 2021) accessed December 22, 2024

Summary

Armenia has commenced a robust recovery from the deep 2020 recession, benefiting from strong policies and the lifting of the political uncertainty after the elections in June. A gradual but uneven improvement in the pandemic situation, pent-up demand, and the strengthening of public and private investment are expected to drive 2022 growth. Robust growth is expected over the medium term. Risks. Risks are relatively balanced, although uncertainty remains high. Strong reform implementation and accelerating vaccinations could improve the outlook, while risks of a protracted pandemic, renewed geopolitical tensions, a slowdown in major trading partners, and stress from global financial volatility and/or trade tensions could hamper the recovery.

Subject: Economic and financial statistics, External sector statistics, Inflation, International organization, Monetary policy, National accounts, Prices, Public financial management (PFM), Revenue administration

Keywords: External sector statistics, Foreign exchange conversion, Global, Government program, Inflation, Inflation expectation, Response to the pandemic, Vaccination rate, Vaccination rollout

Publication Details

  • Pages:

    128

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/273

  • Stock No:

    1ARMEA2021001

  • ISBN:

    9781616357351

  • ISSN:

    1934-7685

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