04122nam 2200637 450 991045384250332120200520144314.01-4755-1610-X1-4755-1903-61-4755-8132-7(CKB)2550000001276682(EBL)1676618(SSID)ssj0001220723(PQKBManifestationID)11695324(PQKBTitleCode)TC0001220723(PQKBWorkID)11222028(PQKB)10428685(MiAaPQ)EBC1676618(Au-PeEL)EBL1676618(CaPaEBR)ebr10861177(CaONFJC)MIL598683(OCoLC)878263452(EXLCZ)99255000000127668220140504h20142014 uy 0engur|n|---|||||txtccrRepublic of Armenia request for arrangement under the extended fund facility, staff report, press release, and statement by the executive director for the Republic of Armenia /International Monetary FundWashington, District of Columbia :International Monetary Fund,2014.©20141 online resource (109 p.)IMF Country Reports ;Number 14/89Description based upon print version of record.1-4755-3577-5 1-306-67432-8 Cover; CONTENTS; INTRODUCTION; RECENT ECONOMIC DEVELOPMENTS; OUTLOOK AND RISKS; BOXES; 1. Gas Price Agreement; PROGRAM POLICIES; A. Fiscal Policy; 2. Tax Revenues; B. Monetary and Exchange Rate Policies; C. Financial Sector Policy; D. Structural Reforms; 3. Armenian Development Strategy 2013-25; E. Program Modalities; STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2009-16; 2. Balance of Payments, 2009-17; 3. Monetary Accounts, 2009-14; 4. Financial Soundness Indicators for the Banking Sector, 2019-13; 5. Central Government Operations, 2009-16 (in billions of drams)6. Central Government Operations, 2009-16 (in percent of GDP)7. Medium-Term Macroeconomic Framework, 2009-18; 8. Indicators of Capacity to Repay the Fund, 2011-19; 9. External Financing Requirements and Sources, 2013-17; 10. Fund Disbursements and Timing of Review Under a 38-Month Arrangement Under the Extended Fund Facility; APPENDIX; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding; ANNEXES; I. Accession to the Eurasian Customs Union; II. Risk Assessment MatrixIII. Program Objectives, Policy Areas and Key MeasuresIV. Reserve Metrics and Exchange Rate Assessment; V. Public Sector Debt Sustainability Analysis; VI. External Debt Sustainability Analysis; CONTENTS; FUND RELATIONS; WORLD BANK AND IMF COLLABORATION-JMAP IMPLEMENTATION; RELATIONS WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD); RELATIONS WITH THE ASIAN DEVELOPMENT BANK (ASDB); STATISTICAL ISSUESKEY ISSUESContext and recent developments. Performance under the 2010?13 program, which was supported by arrangements under the Extended Fund Facility and Extended Credit Facility, was sound, with growth restored, large fiscal and external imbalances reduced, and buffers rebuilt. However, challenges remain, particularly in further reducing vulnerabilities and strengthening medium-term growth dynamics. Growth and inflation have remained volatile?in 2013, growth slowed significantly and inflation rose well above the CBA's target range. The external current account deficit and dollarization contiIMF Staff Country ReportsEconomic developmentArmenia (Republic)ArmeniaEconomic conditionsArmeniaEconomic policyElectronic books.Economic development914.7920385International Monetary Fund,MiAaPQMiAaPQMiAaPQBOOK9910453842503321Republic of Armenia1911096UNINA