Republic of Armenia: 2025 Article IV Consultation, Sixth Review Under the Stand-By Arrangement, Request for Cancellation of the Current Stand-By Arrangement, and Request for a New Stand-By Arrangement-Press Release; Staff Report; and Statement by the Alternate Executive Director for the Republic of Armenia

International Monetary Fund

No 2025/323, IMF Staff Country Reports from International Monetary Fund

Abstract: Armenia’s economic performance has been strong despite a series of shocks amid an uncertain global environment. Thanks to the authorities’ agile policies and unforeseen inflows of labor and capital, growth has exceeded historical trends and inflation has been contained, while fiscal and external balances are largely in check. As the exceptional drivers of growth are gradually tapering off, the challenge is to permanently raise Armenia’s economic potential through sound policies and reforms that tackle lingering structural and institutional weaknesses. The initialing of a peace agreement with Azerbaijan in August is a historic breakthrough, which, if ratified by the two countries, would improve regional cooperation and stability.

Keywords: Ajoint World Bank-IMF mission; Cba governance; IMF TA; exchange restriction; expiration amount; Financial sector stability; Global; Middle East; Central Asia (search for similar items in EconPapers)
Pages: 113
Date: 2025-12-05
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