European Parliament Library

Republic of Armenia :, First Review Under the Stand-By Arrangement, Request for Augmentation, Rephasing of Purchases, Waiver of the Nonobservance of Performance Criteria, and Modification of Performance Criteria: Staff Report, Press Release on the Executive Board Discussion, and Statement by the Executive Director for the Republic of Armenia

This paper discusses key findings of the First Review under the Stand-By Arrangement for the Republic of Armenia. In light of the large increase in Armenia’s financing needs, the authorities have requested an augmentation of IMF resources in the amount of 180 percent of quota. The revised program maintains the original objectives of responding to the external outlook, strengthening confidence in the domestic currency and the banking sector, and protecting the poor, but would also allow an easing of monetary and fiscal policies to mitigate the severity of the crisis
Table Of Contents
Contents; Executive Summary; I. Background; Boxes; II. Recent Developments; Figures; III. The Authorities' Program for 2009 and 2010; A. Monetary and Exchange Rate Policies; B. Financial Sector Policies; C. Fiscal Policies; IV. Program Modalities; A. Justification for Augmentation; B. Augmentation Modality and Program Monitoring; C. Capacity to Repay the Fund; V. Risks and Medium-Term Outlook; VI. Staff Appraisal; Tables; Attachments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (95 p.)
Specific Material Designation
Form Of Item

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