European Parliament Library

Republic of Armenia :, Sixth Reviews Under the Extended Fund Facility Arrangement and the Extended Credit Facility Arrangement

This paper discusses the Republic of Armenia’s Sixth reviews under the Extended Fund Facility Arrangement, and the Extended Credit Facility Arrangement. The Central Bank of Armenia has kept the policy rate at 8 percent since 2011, and has narrowed the corridor around the policy rate from 600 to 300 basis points while strengthening fine-tuning operations. Interbank interest rates have become less volatile. External adjustment slowed considerably in 2012, and external vulnerabilities persist. The current account deficit improved by just 0.3 percentage points of GDP as exports, and remittances grew at a healthy pace, as did imports
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT ECONOMIC DEVELOPMENTS; OUTLOOK AND RISKS; BOX; 1. Possible Gas Price Increase; SIXTH REVIEWS UNDER THE EXTENDED FUND FACILITY ARRANGEMENT/THE EXTENDED CREDIT FACILITY ARRANGEMENT-SUPPORTED PROGRAM; A. Monetary and Exchange Rate Policy and the Financial Sector; B. Fiscal Policy; C. Structural Issues; D. Successor Program; STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2009-16; 2. Balance of Payments, 2009-16; 3. Monetary Accounts, 2009-13; 4. Financial Soundness Indicators for the Banking Sector, 2009-13
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (64 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU