Republic of Armenia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2005/178, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Armenia’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Under the previous PRGF-supported program, Armenia accomplished macroeconomic stability, rapid growth, and a significant reduction in poverty. To consolidate these gains, there is a need to address the remaining structural weaknesses and implementation gaps as identified in the ex post assessment of Armenia’s long-term IMF engagement. The 2005 reform agenda is ambitious and focuses on fiscal and financial sector reforms. Armenia’s economic outlook is favorable, although not without risks.

Keywords: ISCR; CR; government; reform; customs collection; PRGF loan; expenditure execution; taxpayer; tax revenue collection; PRGF-supported program; customs administration reform; Capital spending; Global (search for similar items in EconPapers)
Pages: 88
Date: 2005-06-02
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