Armenia: Recent Economic Developments

International Monetary Fund

No 1998/022, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in the Republic of Armenia during 1990s. The lagged effects of the more expansionary stance of late 1996, combined with real shocks in early 1997, especially poor weather, and a loss in the momentum in structural reform, particularly privatization, led to a slowdown in growth to about 3 percent during the first nine months of 1997 compared with the same period in 1996. Inflation, measured by the 12-month increase in consumer prices, rose to 23 percent by end-September 1997 from 16½ percent a year earlier.

Keywords: ISCR; CR; exchange rate; broad money; debt service; Armenian authorities; capital expenditure; excise tax; privatization program; drinking water company; telecommunication enterprise; banking system; enterprise profits; Treasury bills and bonds; Exports; Imports; Baltics; IMF UR; interest rates development; commodity composition; government of the Republic of Armenia (search for similar items in EconPapers)
Pages: 84
Date: 1998-04-07
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