Republic of Armenia : 2014 Article IV Consultation-First Review Under the Extended Arrangement-Staff Report ; Staff Supplement ; and Press Release.

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Bibliographic Details
Corporate author / creator:International Monetary Fund. Middle East and Central Asia Department.
Imprint:Washington, D.C. : International Monetary Fund, 2015.
Description:1 online resource (110 pages).
Language:English
Series:IMF Staff Country Reports, 1934-7685
IMF Staff Country Reports.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/13512649
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. Middle East and Central Asia Department.
ISBN:1498399819
9781498399814
9781498399814
Notes:Print version record.
Summary:This 2014 Article IV Consultation highlights that after a steady recovery during 2010-12 from the deep 2009 recession, Armenia's growth softened in 2013 and has remained subdued in 2014. The softening of economic activity has been broad based, as growth of exports and remittances slowed, and government spending was lower than budgeted. Construction, which had declined since the 2009 crisis, was relatively flat. Growth is projected at 2.6 percent in 2014 and is expected to increase only gradually in 2015 and over the medium term in light of expectations of slow growth in key trading partners. The authorities' policies remain geared toward maintaining macroeconomic stability and fostering sustainable and inclusive growth.
Other form:Print Version: Republic of Armenia: 2014 Article IV Consultation-First Review Under the Extended Arrangement-Staff Report; Staff Supplement; and Press Release. Washington, D.C. : International Monetary Fund,2015 9781498399814
Standard no.:10.5089/9781498399814.002

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520 3 |a This 2014 Article IV Consultation highlights that after a steady recovery during 2010-12 from the deep 2009 recession, Armenia's growth softened in 2013 and has remained subdued in 2014. The softening of economic activity has been broad based, as growth of exports and remittances slowed, and government spending was lower than budgeted. Construction, which had declined since the 2009 crisis, was relatively flat. Growth is projected at 2.6 percent in 2014 and is expected to increase only gradually in 2015 and over the medium term in light of expectations of slow growth in key trading partners. The authorities' policies remain geared toward maintaining macroeconomic stability and fostering sustainable and inclusive growth. 
588 0 |a Print version record. 
505 0 |a Cover; CONTENTS; CONTEXT AND RECENT DEVELOPMENTS; OUTLOOK AND RISKS; FIRST REVIEW UNDER THE EXTENDED ARRANGEMENT; A. Fiscal Policy; B. Monetary and Exchange Rate Policy; C. Financial Sector Policy; D. Structural Issues; E. Program Issues; ARTICLE IV DISCUSSIONS: REDUCING VULNERABILITIES AND INCREASING POTENTIAL GROWTH; A. Reducing vulnerabilities; B. Increasing Potential Growth and Inclusiveness; STAFF APPRAISAL; BOXES; 1. Policies since the 2012 Article IV Consultation; 2. Spillovers from Global and Regional Developments to Armenia; 3. Constraints to Potential Growth; FIGURES. 
505 8 |a 1. Labor MarketTABLES; 1. Armenia: Selected Economic and Financial Indicators, 2009-16; 2. Balance of Payments, 2009-19; 3. Monetary Accounts, 2009-15; 4. Financial Soundness Indicators for the Banking Sector, 2009-14; 5. Central Government Operations, 2009-16, (In percent of GDP); 6. Central Government Operations, 2009-16, (In billions of dram); 7. Medium-Term Macroeconomic Framework, 2009-19; 8. Indicators of Capacity to Repay the Fund, 2011-19; 9. External Financing Requirements and Sources, 2013-17. 
505 8 |a 10. Fund Disbursements and Timing of Review Under a 38-Month Arrangement Under the Extended Fund FacilityAPPENDICES; I. Letter of Intent; Attachment I. Technical Memorandum of Understanding; ANNEXES; I. Armenia's Accession to the Eurasian Economic Union; II. Pension Reform: Recent Developments and Changes; III. Reserve Metrics and External Stability Assessment; IV. Public Debt Sustainability Analysis; V. Real Exchange Rate Assessment; CONTENTS; FUND RELATIONS; WORLD BANK AND IMF COLLABORATIONS-JMAP IMPLEMENTATION; RELATIONS WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD). 
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