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Republic of Armenia :, 2008 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia

Abstract
This 2008 Article IV Consultation highlights that Armenia’s recent economic performance has remained strong, and the economy is poised for another year of double-digit growth. Rising inflation, a widening current account deficit, and rapid credit growth have raised concerns about overheating. Executive Directors have commended the authorities for the successful implementation of macroeconomic policies under the Poverty Reduction and Growth Facility (PRGF)-supported program that expired in May 2008. Directors have also welcomed the authorities’ intention to withdraw fiscal stimulus during 2008–09 to address current imbalances
Table Of Contents
Cover; Contents; I. Introduction; II. Background; III. Policy Discussions; A. Macroeconomic Outlook and Risks; B. The Policy Mix; C. Structural Reforms; D. The New Program; IV. Staff Appraisal; Boxes; 1. Armenia's Third PRGF-Supported Program: Objectives and Achievements; 2. Response to Fund Advice; 3. Evolving Fiscal Stance; 4. Effectiveness of Foreign Exchange Market Interventions; 5. Exchange Rate Assessment; 6. Structural Conditionality, 2008-09; Figures; 1. Recent Economic Developments; 2. Recent Fiscal Developments; 3. Recent Monetary Developments; 4. Business Environment; Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (110 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781280888267

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