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Republic of Armenia :, Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility -Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Armenia

Macroeconomic performance of Armenia in 2007 has been strong, with double-digit growth and single-digit inflation for the sixth consecutive year. Fiscal policy in 2007 remains prudent, with the central government deficit limited to the programmed level of 1.8 percent of GDP. Monetary growth has accelerated in 2007, fueled by unsterilized foreign exchange intervention, cash dedollarization, and a surge in private sector credit. External developments in 2007 have shaped by large-scale inflows, high food prices, and buoyant domestic demand, amid continued dram appreciation
Table Of Contents
Cover; Executive Summary; Contents; I. Introduction; Boxes; 1. Armenia's Third PRGF-supported Program-Objectives and Achievements; II. Background; Text Tables; 1. Fiscal Indicators, 2006-07; 2. Monetary Indicators, 2007-08; III. Report on the Discussions; A. Macroeconomic Outlook and Risks; B. The Policy Mix; 3. Fiscal Stance in 2008; 2. Asymmetric Exchange Rate Pass-Through; C. Structural Reforms; 3. Informality and Financial Deepening; IV. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators, 2003-08; 2. Central Government Operations, 2006-08; 3. Monetary Accounts, 2006-08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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