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Republic of Armenia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

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  • International Monetary Fund

Abstract

This paper assesses Armenia’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Under the previous PRGF-supported program, Armenia accomplished macroeconomic stability, rapid growth, and a significant reduction in poverty. To consolidate these gains, there is a need to address the remaining structural weaknesses and implementation gaps as identified in the ex post assessment of Armenia’s long-term IMF engagement. The 2005 reform agenda is ambitious and focuses on fiscal and financial sector reforms. Armenia’s economic outlook is favorable, although not without risks.

Suggested Citation

  • International Monetary Fund, 2005. "Republic of Armenia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility," IMF Staff Country Reports 2005/178, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/178
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