Republic of Armenia: Poverty Reduction Strategy Paper: Progress Report

International Monetary Fund

No 2011/191, IMF Staff Country Reports from International Monetary Fund

Abstract: The main drivers of economic growth in Armenia were the construction and service sectors. The global economic crisis resulted in a substantial change in the structure of the economy. The drastic decline in the volume of foreign financing prejudice the continuation of rapid economic growth in the medium term and point to the need for incentives for exports and diversification, as well as encouraging of high-quality job openings and high levels of productivity. Reforms are needed in the key sectors of agriculture and infrastructure.

Keywords: ISCR; CR; SDP target; economic crisis; public expenditure; social policy; exchange rate; SDP policy; poverty rate; SDP forecast; SDP implementation; monthly salary; RA government; target indicator; judicial system; Budget planning and preparation; Global; Eastern Europe; Baltics (search for similar items in EconPapers)
Pages: 65
Date: 2011-07-20
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