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Republic of Armenia: Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director for the Republic of Armenia

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  • International Monetary Fund

Abstract

Armenia’s economy has been hit hard by twin shocks: the COVID-19 pandemic (now in its second wave), and the recent military hostilities involving the Nagorno- Karabakh conflict zone. Reflecting these shocks, growth is expected at -7¼ percent this year, with the fiscal deficit and debt rising considerably. Nonetheless, the authorities have responded promptly with healthcare and anti-crisis measures to limit the pandemic’s impact while protecting vulnerable groups and safeguarding macroeconomic stability.

Suggested Citation

  • International Monetary Fund, 2020. "Republic of Armenia: Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Direct," IMF Staff Country Reports 2020/318, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2020/318
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=49961
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