Republic of Armenia: Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director for the Republic of Armenia

International Monetary Fund

No 2020/318, IMF Staff Country Reports from International Monetary Fund

Abstract: Armenia’s economy has been hit hard by twin shocks: the COVID-19 pandemic (now in its second wave), and the recent military hostilities involving the Nagorno- Karabakh conflict zone. Reflecting these shocks, growth is expected at -7¼ percent this year, with the fiscal deficit and debt rising considerably. Nonetheless, the authorities have responded promptly with healthcare and anti-crisis measures to limit the pandemic’s impact while protecting vulnerable groups and safeguarding macroeconomic stability.

Keywords: ISCR; CR; IMF staff calculation; positivity rate; commercial bank support; SME support program; October data; government intervention; data availability; reform effort; COVID-19; Public investment and public-private partnerships (PPP); Budget planning and preparation; Global; Europe; North America; Baltics (search for similar items in EconPapers)
Pages: 86
Date: 2020-12-16
New Economics Papers: this item is included in nep-cis and nep-mac
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