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Republic of Armenia :, Request for Three-Year Arrangement Under the Extended Fund Facility and Extended Credit Facility, and Cancellation of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia

Economic activity appears to be recovering, underpinned by a strong policy response. Fiscal consolidation will be crucial to maintain debt sustainability and support the envisaged external adjustment over the medium term. Sound monetary and exchange rate policies are essential to maintain macroeconomic stability. Improvements in tax administration are needed to achieve the program’s goals of sound public finances and stronger economic growth. Broader efforts to strengthen the business environment are crucial to boost medium-term growth prospects. Risks to the program are manageable
Table Of Contents
Cover; Contents; I. Staff Appraisal; II. Exiting the Crisis; III. Facing the Medium Term: The Authorities' EFF/ECF Program; A. Sound Public Finances; B. Monetary, Exchange Rate, and Financial Policies; C. Sustained Growth and Poverty Reduction will Require Concerted Efforts; IV. Program Modalities; A. Access and Phasing; B. Risks to the Program; Boxes; 1. Characteristics of the New EFF/ECF Blend Arrangement; 2. The Effect of the On-Lending Programs; 3. Government Social Spending Programs During and After the Crisis
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (83 p.)
Specific Material Designation
Form Of Item

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