Republic of Armenia First Review Under the Stand-By Arrangement and Request for Modifications of Performance Criteria and Monetary Policy Consultation Clause-Press Release; Staff Report

This paper analyses Republic of Armenia’s First Review under the Stand-By Arrangement (SBA). Armenia’s economic activity was very strong in 2022, with real gross domestic product growing at 12.6 percent, driven by robust consumption and external demand. Growth is projected to be at 5.5 percent in 20...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 03215nmm a2200625 u 4500
001 EB002176274
003 EBX01000000000000001314051
005 00000000000000.0
007 cr|||||||||||||||||||||
008 231004 ||| eng
020 |a 9798400245268 
245 0 0 |a Republic of Armenia  |b First Review Under the Stand-By Arrangement and Request for Modifications of Performance Criteria and Monetary Policy Consultation Clause-Press Release; Staff Report 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2023 
300 |a 60 pages 
651 4 |a Armenia, Republic of 
653 |a Finance, Public 
653 |a Inflation 
653 |a Revenue administration 
653 |a Public debt 
653 |a International Organizations 
653 |a Public finance & taxation 
653 |a Monetary economics 
653 |a International agencies 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Fiscal Policy 
653 |a Debt 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a International organization 
653 |a National Government Expenditures and Related Policies: General 
653 |a Sovereign Debt 
653 |a International institutions 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a International Economics 
653 |a Macroeconomics 
653 |a Public financial management (PFM) 
653 |a Monetary policy 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Revenue 
653 |a International Agreements and Observance 
710 2 |a International Monetary Fund  |b Middle East and Central Asia Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9798400245268.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2023/205/002.2023.issue-205-en.xml?cid=534722-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper analyses Republic of Armenia’s First Review under the Stand-By Arrangement (SBA). Armenia’s economic activity was very strong in 2022, with real gross domestic product growing at 12.6 percent, driven by robust consumption and external demand. Growth is projected to be at 5.5 percent in 2023. The SBA, which the Armenian authorities are treating as precautionary, aims to ensure policy continuity, advance structural reforms, and maintain macroeconomic, financial, and fiscal stability. The program is broadly on track. All end-December quantitative performance criteria and indicative targets were met, and good progress was made toward the completion of structural benchmarks. The end-March structural benchmark requiring the adoption of a decree clarifying the mandate, reporting, transparency, and viability requirements for the Armenian National Interests Fund was completed as a prior action for the review. The economic outlook for 2023 is generally positive, although risks remain substantial