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Republic of Armenia :, Second Reviews Under the Extended Fund Facility and Extended Credit Facility, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia

In this study, Armenia’s financial challenges observed in the global crisis are discussed, and also the development processes initiated by Armenia are analyzed. Short- and medium-term outlooks, and risks are also outlined. Fiscal, monetary, and banking sector policies play important roles in the development of the financial system. Structural reforms are accelerated for addressing imbalances, sustainable growth, and poverty reduction. Sound macroeconomic policies and structural reforms will help to ensure rise in productivity, exports, and inflation pickup and reduce the foreign exchange risk
Table Of Contents
Cover; Contents; Executive Summary; I. Economic Context; A. Background and Program Implementation; B. Recent Developments; C. Short and Medium-Term Outlook and Risks; Boxes; 1. Foreign Currency Lending; II. Policy Discussions; A. Fiscal Policy; 2. Tax Reforms; B. Monetary Policy and Banking Sector; 3. Inflation Spillovers; 4. Reserve Adequacy; C. Medium-Term Adjustment and Structural Reforms; 5: Structural Issues in Agriculture; III. Program Issues; 6. Annual Progress Report of the Sustainable Development Program; IV. Staff Appraisal; Figure; 1. Selected Macroeconomic Indicators; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
Form Of Item

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