Republic of Armenia: Staff Report for the 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2002/073, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses the Republic of Armenia’s 2001 Article IV Consultation and a Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The economic situation in Armenia has improved since mid-2000 following the deterioration in late 1999 and early 2000. Real GDP began to recover in the second quarter and increased by 6 percent for 2000 as a whole. The authorities have made progress in reforming the energy sector, which remains a considerable financial drain on the budget and the rest of the economy.

Keywords: ISCR; CR; PRGF credit; poverty reduction objective; disbursement of SDR; approval; Executive Board's discussion; World Bank executive board; EDC privatization law; Arrears; Monetary base (search for similar items in EconPapers)
Pages: 110
Date: 2002-04-02
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